If you compare the increase in value of investment property in Mooroopna, 3629 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.46%.
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mooroopna, 3629. Typically our figures indicate that -5.17% is being offered, which puts this VIC suburb at 2558th most discounted overall in Australia.
In the last year 106 properties changed hands in Mooroopna, which puts it as the 199th most active market in VIC when comparing the number of sales per suburb.
Mooroopna, 3629’s gross rental yield is 6.37%
Property value increases in Mooroopna have tracked just higher than the VIC average of 0.68% over the last 12 months.
Mooroopna,3629 has offered an average of 8.02% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Mooroopna is giving property investors an average Vendor Discount of around -5.96%. This puts suburb at number 146th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $225 mark per week – giving a return of 6.69% based on the median price in 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.