At number 609th in the list of Australian suburbs ordered by increase in median house value over the last year, Moe, 3825 is in the top 20% with a property value increase of 21.24% recorded in median house prices.
Over the longer term, Moe has seen property prices show investors a 49.89% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Moe should be aiming for at least -4.19% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 197 properties changed hands in Moe, which puts it as the 102th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Moe, 3825 is in the Latrobe (C) (Vic.) local government area.
At number 1494th in the list of Australian suburbs ordered by increase in median house value over the last year, Moe, 3825 is in the BOTTOM 10% with a property value increase of -8.55% recorded in median house prices.
Comparing Moe,3825 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Sellers are offering property buyers an average discount of -3.12% to buyers in Moe at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.
Situated 120.64km from the CBD, Moe is one of Latrobe (C) (Vic.) localities in the postcode 3825.
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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.”