Suburb Profile Report for Moorabbin VIC (3189)

Moorabbin House: Median price $973,750, Annual capital growth 7.05%, Number of sales 69, Weekly median advertised rent $550

Moorabbin Unit: Median price $600,000, Annual capital growth 6.55%, Number of sales 53, Weekly median advertised rent $460

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Moorabbin has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -17.39% to date .

The five-year average increase in median property values for Moorabbin,3189 has given property investors a potential capital gain of 38.32% across each of those five years.

Sellers are offering property buyers an average discount of -6.97% to buyers in Moorabbin at the moment, which is less than average for the rest of VIC.

The VIC suburb of Moorabbin, 3189 is in the Kingston (C) (Vic.) local government area.

VIC has seen average median house prices change by 0.68% which means that Moorabbin, 3189 has done well for property investors by showing a capital gain of -0.83% over the last year

If we look at median property appreciation over just the last three months, Moorabbin has given property investors a paper return of -2.44%. This puts Suburb as 271 on a list of fastest fasting appreciating suburbs in VIC

Moorabbin, 3189 is offering VIC ‘s 133th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Situated 15.74km from the CBD, Moorabbin is one of Kingston (C) (Vic.) localities in the postcode 3189.

Metrics i HOUSE UNIT
$973,750 $600,000
-3.59% -2.44%
-17.39% -0.83%
7.05% 6.55%
$550 $460
69 53
2.94% 3.99%
65.8823529411765 83.4583333333333

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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