Suburb Profile Report for Moe VIC (3825)

Moe House: Median price $199,500, Annual capital growth 4.17%, Number of sales 200, Weekly median advertised rent $260

Moe Unit: Median price $146,000, Annual capital growth 3.07%, Number of sales 51, Weekly median advertised rent $165

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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%

Information supplied by:




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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.”

Metrics i HOUSE UNIT
$199,500 $146,000
-3.86% 3.00%
5.00% 13.18%
4.17% 3.07%
$260 $165
200 51
6.78% 5.88%
69.9225806451613 75.7105263157895

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 8750
Median household income ($/weekly) 674
Median age of persons 42
Median housing loan repayment ($/monthly) 997
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 1041 11.9
    25-34 years 930 10.6
    35-44 years 972 11.1
    45-54 years 1224 14.0
    55-64 years 1278 14.6
    Others 3307 37.8
    Age Group
    Census Count Percent(%)
    Not Married 3342 51.1
    Registered Married 2581 39.5
    Defacto Relationship 614 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 6915 83.6
    Netherlands 99 1.2
    New Zealand 134 1.6
    United Kingdom 447 5.4
    Other 173 2.1
    Others 503 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 0.6
    Christianity 5303 68.0
    Islam 15 0.2
    Other Religious Groups 43 0.6
    No Religion 2380 30.5
    Others 10 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 536 16.1
    $400-$599 607 18.2
    $600-$799 418 12.5
    $800-$999 309 9.3
    $1,000-$1,249 267 8.0
    Others 1195 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3347 49.7
    Employed, worked full-time 1674 24.9
    Employed, worked part-time 1058 15.7
    Unemployed, looking for work 405 6.0
    Employed, away from work 251 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 581 19.5
    Community & personal service workers 377 12.6
    Clerical & administrative workers 380 12.7
    Sales 335 11.2
    Labourers 440 14.7
    Others 871 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 114 6.7
    Infants/Primary 637 37.5
    Secondary 530 31.2
    Technical or Further Educational Institution 234 13.8
    University or other Tertiary Institutions 130 7.7
    Others 53 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6608 80.0
    Flat, unit or apartment 836 10.1
    Semi-detached, row or terrace house, townhouse 786 9.5
    Caravan, cabin, houseboat 28 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1349 37.1
    Rented 1268 34.9
    Being purchased 983 27.0
    Other tenure type 38 1.0
    Tenure Type
Census 2011, ABS
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