At number 1746th in the list of Australian suburbs ordered by increase in median house value over the last year, Mooroopna, 3629 is in the top half with a property value increase of 2.17% recorded in median house prices.
The five-year average increase in median property values for Mooroopna,3629 has given property investors a potential capital gain of 11.90% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Mooroopna itself are offering an average vendor discount of -5.36% to real estate investors.
With the median price for a house in Mooroopna being $235000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.42%
With a capital gain of 5.54% for the last 12 months, Mooroopna, 3629 has performed for property investments than its average annual 2.83% property growth over the last 5 years.
Across a shorter period, Mooroopna, 3629 has seen a median price increase of 7.86% over the last quarter.
Situated 161.76km from the CBD, Mooroopna is one of Greater Shepparton (C) localities in the postcode 3629.
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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.