Suburb Profile Report for Mooroopna VIC (3629)

Mooroopna House: Median price $245,000, Annual capital growth 2.05%, Number of sales 106, Weekly median advertised rent $300

Mooroopna Unit: Median price $175,000, Annual capital growth 0.83%, Number of sales 15, Weekly median advertised rent $225

  • 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.

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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

Information supplied by:


February 2017

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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.

Metrics i HOUSE UNIT
$245,000 $175,000
4.26% 2.04%
7.46% 8.02%
2.05% 0.83%
$300 $225
106 15
6.37% 6.69%
86.2197802197802 87.5833333333333

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 7813
Median household income ($/weekly) 847
Median age of persons 38
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1040 13.3
    25-34 years 961 12.3
    35-44 years 1034 13.2
    45-54 years 959 12.3
    55-64 years 973 12.5
    Others 2846 36.4
    Age Group
    Census Count Percent(%)
    Not Married 2539 45.7
    Registered Married 2454 44.2
    Defacto Relationship 565 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 6700 90.9
    Japan 69 0.9
    Papua New Guinea 91 1.2
    United Kingdom 172 2.3
    Other 79 1.1
    Others 256 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 1.0
    Christianity 5048 71.3
    Hinduism 30 0.4
    Islam 103 1.5
    No Religion 1798 25.4
    Others 26 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 332 12.1
    $400-$599 430 15.6
    $600-$799 342 12.4
    $800-$999 314 11.4
    $1,500-$1,999 308 11.2
    Others 1026 37.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2348 39.9
    Employed, worked full-time 1962 33.4
    Employed, worked part-time 1086 18.5
    Employed, away from work 242 4.1
    Unemployed, looking for work 241 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 453 13.8
    Technicians & trades workers 494 15.0
    Community & personal service workers 389 11.8
    Clerical & administrative workers 407 12.4
    Labourers 547 16.6
    Others 999 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 133 8.3
    Infants/Primary 619 38.4
    Secondary 514 31.9
    Technical or Further Educational Institution 184 11.4
    University or other Tertiary Institutions 105 6.5
    Others 57 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6240 85.7
    Semi-detached, row or terrace house, townhouse 126 1.7
    Flat, unit or apartment 660 9.1
    Caravan, cabin, houseboat 246 3.4
    House or flat attached to a shop, office 8 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1052 35.2
    Rented 974 32.6
    Fully owned 924 30.9
    Other tenure type 39 1.3
    Tenure Type
Census 2011, ABS
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