With a capital gain of 4.05% for the last 12 months, Moe, 3825 has performed for property investments than its average annual 3.86% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Moe has given property investors a paper return of 0.28%. This puts Suburb as 539 on a list of fastest fasting appreciating suburbs in VIC
Investment property in Moe has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.74%
Comparing Moe,3825 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $160 per week rent on the median house gives suburb investors a gross yield of circa 6.08%, without taking into account capital value appreciation, which has been averaging out at 2.54%.
Moe is located approximately 120 kilometres 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 that include power generation, paper manufacture, timber mills, agriculture, dairy, timber, IT, engineering and education Full summary
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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.”