With a capital gain of 5.00% for the last 12 months, Moe, 3825 has performed for property investments than its average annual 4.17% property growth over the last 5 years.
Over the longer term, Moe has seen property prices show investors a 14.00% return over the last 3 years. This is worse than over the last 12 months
Moe3825 is located in VIC which offers an average discount of -6.90% to property investors. Moe itself is showing figures that indicate -6.24% is the average achievable by property buyers investing in the suburb.
Moe is 19th on a list of best yielding suburbs for rents in VIC with a 6.78% return
Property investors who have had real estate in Moe, 3825 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.18%
The five-year average increase in median property values for Moe,3825 has given property investors a potential capital gain of -7.59% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.31% offered to property buyers. Sellers in Moe itself are offering an average vendor discount of -4.40% to real estate investors.
Using the current median advertised rental of $165 and the average annual increase in value of a median property of 3.07%, investors should hope to achieve an overall return of 5.88%
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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.”