Giving property investors a a solid capital gain of 23.81% for the last year, Moe, 3825 is the 246th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Moe has given property investors a paper return of 4.00%. This puts Suburb as 243 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Moe is $260000, with sellers offering an average of -4.17% off the asking price.
Situated 120.52km from the CBD, Moe is one of Latrobe (C) (Vic.) localities in the postcode 3825.
At number 1420th in the list of Australian suburbs ordered by increase in median house value over the last year, Moe, 3825 is in the BOTTOM 20% with a property value increase of -7.10% recorded in median house prices.
The five-year average increase in median property values for Moe,3825 has given property investors a potential capital gain of -1.37% across each of those five years.
Moe, 3825 is offering VIC ‘s 165th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Moe, 3825’s gross rental yield is 7.40%
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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.”