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 25.39%
Comparing Moe,3825 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Moe is giving property investors an average Vendor Discount of around -4.33%. This puts suburb at number 169th in VIC when ranking the most discounted suburbs.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.41%, without taking into account capital value appreciation, which has been averaging out at 5.39%.
Moe has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.41% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moe has increased when compared to the 5 year average annual rate.
At number 196th of VIC’s most discounted properties, Moe is in the TOP 10% of the state/territory when listing in order of most discounted to least.
At number 1104 in a list of fastest selling suburbs, Moe is in the bottom 30% of suburbs in Australia with an average of days on market 75.7241 for properties listed there.
Using the current median advertised rental of $210 and the average annual increase in value of a median property of 1.66%, investors should hope to achieve an overall return of 7.35%
Information supplied by:
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.”