Giving property investors a a solid capital gain of 10.63% for the last year, Moe, 3825 is the 597th highest performer in Australia in this respect.
Moe,3825 was ranked 582 in Australia by increase in median property value over the quarter.
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 Moe, 3825. Typically our figures indicate that -6.49% is being offered, which puts this VIC suburb at 1314th most discounted overall in Australia.
Renters in Suburb are facing rents around $13520 per annum or $260 every week.
Moe has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.18% to date .
Moe,3825 has offered an average of 14.18% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Moe should be aiming for at least -3.66% off the asking price, which is the average vendor discount being achieved at the moment.
At number 146 in a list of fastest selling suburbs, Moe is in the TOP 20% of suburbs in Australia with an average of days on market 49.7692 for properties listed there.
A $170 per week rent on the median house gives suburb investors a gross yield of circa 5.70%, without taking into account capital value appreciation, which has been averaging out at 2.43%.
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Moe is located approximately 120km to the east of Melbourne, in the Latrobe Valley and Gippsland region. The region is home to a diverse and growing economy, with key industry sectors include power generation, paper manufacture, timber mills, agriculture, dairy, timber, IT, engineering and education.
The power generation industry in particular is expanding fast, with both coal-fired power stations and geothermal plants planned for the region.
“This region offers great potential for coming years, riddled with other strong investment options including Churchill and Morewell,” says PRD Nationwide research analyst Dan Halloran. “It is the affordability of Moe that will drive capital growth throughout the suburb in the coming years.”
He adds that having one of the state's strongest rental yields, Moe "is sure to result in the added benefit of continued capital appreciation in years to come.”