VIC has seen average median house prices change by 8.91% which means that Moe, 3825 has done well for property investors by showing a capital gain of 2.78% over the last year
While Moe,3825 ranked number 127th in VIC for increase in median house value (annualised) increase, it is ranked 532th over the last 5 years.
Vendor discounting in Moe is giving property investors an average Vendor Discount of around -4.80%. This puts suburb at number 335th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Moe the average time real estate has been on the market is 96.19 days.
Situated 120.69km from the CBD, Moe is one of Latrobe localities in the postcode 3825.
If you compare the increase in value of investment property in Moe, 3825 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -4.52%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Moe has fallen somewhat when compared to the 5 year average annual rate.
At number 71th of VIC’s most discounted properties, Moe is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Moe is located approximately 120 kilometres 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 that include power generation, paper manufacture, timber mills, agriculture, dairy, timber, IT, engineering and education Full summary
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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.”