If you compare the increase in value of investment property in Mooroopna, 3629 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.06%.
Across a shorter period, Mooroopna, 3629 has seen a median price increase of 0.71% over the last quarter.
On average over the past year, suburb has had 8.67 sales per month, which equates to 104 per year.
Situated 161.65km from the CBD, Mooroopna is one of Greater Shepparton localities in the postcode 3629.
Property investors who have had real estate in Mooroopna, 3629 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.78%
While Mooroopna,3629 ranked number 344th in VIC for increase in median house value (annualised) increase, it is ranked 321th over the last 5 years.
Mooroopna is 4th on a list of best yielding suburbs for rents in VIC with a 6.85% return
The median unit price in Mooroopna 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.Full summary
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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.Close