MOONEE PONDS, 3039 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling MOONEE PONDS, 3039 values up and netting property investors a capital gain of 15.73% for the past year.
Investors saw the median home price rise to $1,303,850.
Profits due to an upward trend in home prices in the suburb averaged 15.5% per annum over a 3-year period.
MOONEE PONDS now ranks at the 296th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MOONEE PONDS are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $540 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MOONEE PONDS, homes and units usually stay on listing for an average of 55.1 days.
In 2016, 159 properties were sold in MOONEE PONDS during the past year, making it the 546th most active market in VIC based on total real estate transactions.
MOONEE PONDS ranks 266th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
MOONEE PONDS, 3039 has a capital gain of 10.61% for the past year, which is higher than average compared to its 26.05% growth within a five-year period.
With the median home price in MOONEE PONDS sitting at $542,000, and the average rent at $380, property owners could potentially earn a 3.65% increase in gross rental yield.
Property investors have seen a 12.92% gain in MOONEE PONDS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on MOONEE PONDS, 3039 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.61%.
A survey of average capital gains or median home price increase in suburbs across the country shows that MOONEE PONDS, 3039 obtained a 4.42% growth over a ten-year period. It ranks 779th on our list of suburbs that property investors should look into.