Suburb Profile Report for Moorabbin VIC (3189)

Moorabbin House: Median price $1,110,000, Annual capital growth 8.36%, Number of sales 71, Weekly median advertised rent $503

Moorabbin Unit: Median price $601,000, Annual capital growth 6.70%, Number of sales 48, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 729th in the list of Australian suburbs ordered by increase in median house value over the last year, Moorabbin, 3189 is in the top 20% with a property value increase of 16.84% recorded in median house prices.

If we look at median property appreciation over just the last three months, Moorabbin has given property investors a paper return of 3.64%. This puts Suburb as 262 on a list of fastest fasting appreciating suburbs in VIC

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Moorabbin itself are offering an average vendor discount of -4.36% to real estate investors.

Moorabbin is 485th on a list of best yielding suburbs for rents in VIC with a 2.35% return

Moorabbin has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.29% to date .

Comparing Moorabbin,3189 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Moorabbin is giving property investors an average Vendor Discount of around -2.98%. This puts suburb at number 260th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Moorabbin the average time real estate has been on the market is 58.95 days.

The VIC suburb of Moorabbin, 3189 is in the Kingston local government area.

Metrics i HOUSE UNIT
$1,110,000 $601,000
3.64% 5.16%
16.84% 9.29%
8.36% 6.70%
$503 $420
71 48
2.35% 3.63%
41.88 58.95

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 5282
Median household income ($/weekly) 1290
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 541 10.2
    25-34 years 704 13.3
    35-44 years 849 16.1
    45-54 years 730 13.8
    55-64 years 562 10.6
    Others 1896 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 2037 50.1
    Not Married 1692 41.6
    Defacto Relationship 337 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3301 65.9
    Croatia 149 3.0
    Hong Kong 141 2.8
    United Kingdom 229 4.6
    Other 364 7.3
    Others 823 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 123 2.6
    Christianity 3020 63.1
    Hinduism 71 1.5
    Judaism 214 4.5
    No Religion 1259 26.3
    Others 102 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 176 9.7
    $600-$799 164 9.0
    $1,500-$1,999 217 11.9
    $2,000-$2,499 184 10.1
    $2,500-$2,999 185 10.2
    Others 894 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1637 39.3
    Not in the labour force 1464 35.1
    Employed, worked part-time 791 19.0
    Employed, away from work 161 3.9
    Unemployed, looking for work 117 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 341 13.2
    Professionals 636 24.6
    Technicians & trades workers 361 13.9
    Clerical & administrative workers 412 15.9
    Sales 261 10.1
    Others 578 22.3
    Occupation
    Census Count Percent(%)
    Pre-school 98 8.6
    Infants/Primary 361 31.5
    Secondary 281 24.5
    Technical or Further Educational Institution 148 12.9
    University or other Tertiary Institutions 221 19.3
    Others 36 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4230 84.6
    Semi-detached, row or terrace house, townhouse 486 9.7
    Flat, unit or apartment 254 5.1
    House or flat attached to a shop, office 29 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 786 40.2
    Being purchased 719 36.8
    Rented 437 22.4
    Other tenure type 13 0.7
    Tenure Type
Census 2011, ABS
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