With a capital gain of 8.51% for the last 12 months, Mooroopna, 3629 has performed for property investments than its average annual 2.31% property growth over the last 5 years.
A 15.91% growth in median value for property investors in Mooroopna,3629 puts this suburb at number 212th in terms of best performing suburbs in VIC
Property buyers and investors in Mooroopna 3629 should be seeing an average reduction in asking price of around -5.15% . This means that Mooroopna is holding prices well when compared to other suburbs in VIC.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 6.12%, without taking into account capital value appreciation, which has been averaging out at 2.31%.
VIC has seen average median house prices change by 7.35% which means that Mooroopna, 3629 has done well for property investors by showing a capital gain of 5.88% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mooroopna has increased when compared to the 5 year average annual rate.
The most recent median price for Mooroopna is $180000, with sellers offering an average of -4.79% off the asking price.
Property investors should expect to get $230 weekly from the median priced house in this suburb.
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Established, low-rise, no-fuss units are the order of the day in Mooroopna, a rural town located around 180km north of Melbourne.
The median unit price is $218,000, but there are many opportunities to buy in at an even cheaper price point. While affordability is undeniably on offer, and a strong return is likely, price appreciation may not be on the menu. If you’re seeking long-term capital growth, this may not be the right addition to your portfolio, as average annual growth is negligible at 0.62%, while unit values have retracted more than 5% in the last 12 months.