Moonee Ponds

POSTAL CODE: VIC, 3039

HOUSE

UNIT

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 5.33% for the past year.

Investors saw the median home price rise to $1,580,000.

Profits due to an upward trend in home prices in the suburb averaged 2.6% per annum over a 3-year period.

MOONEE PONDS now ranks at the 426th 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 $722.5 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 84.5 days.

In 2016, 208 properties were sold in MOONEE PONDS during the past year, making it the 462nd most active market in VIC based on total real estate transactions.

MOONEE PONDS ranks 287th 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 0.41% for the past year, which is lower than average compared to its 10.27% growth within a five-year period.

With the median home price in MOONEE PONDS sitting at $617,500, and the average rent at $557.5, property owners could potentially earn a 4.69% increase in gross rental yield.

Property investors have seen a 1.06% gain in MOONEE PONDS based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that MOONEE PONDS, 3039 obtained a 2.61% growth over a ten-year period. It ranks 1325th on our list of suburbs that property investors should look into.

Surburb overview

Moonee Ponds is an inner-city suburb located approximately 7 kilometres north-west of Melbourne's Central Business District, within the City of Moonee Valley. According to the 2021 census, it has a population of 16,224 residents.

The suburb is predominantly residential, featuring a mix of Victorian and Edwardian homes alongside modern apartments. The median property price for a house is currently $1,440,000, with an annual capital growth rate of 1.0%. Rental yields for houses are around 2.5%, with a median weekly rent of $680.

Public transportation in Moonee Ponds is well-developed, with the Moonee Ponds railway station providing access to Melbourne's rail network. Several tram routes, including routes 59 and 82, and bus services connect the suburb to neighbouring areas and the city centre.

Essential amenities are accessible, with the Moonee Ponds Central Shopping Centre offering supermarkets, retail stores, and dining options. The area is also home to several schools, including Moonee Ponds Primary School and Penleigh and Essendon Grammar School.

Recreational opportunities are available, with Queens Park featuring walking paths, a lake, playgrounds, and sports facilities. The suburb also hosts the Moonee Valley Racecourse, hosting horse racing events and other functions.

Moonee Ponds offers a vibrant urban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,580,000	$617,500
Growth Report
Median Quarterly	0.64%	1.06%
Median 12 month	5.33%	0.41%
Median 3 years	7.81%	0%
Median 5 years	16.99%	10.27%
10 years average annual	5.94%	2.61%
Weekly media advert. rent	$723	$558
Time on Market	84.5 days	50.6 days
Gross Rental Yield Percent	2.38%	4.69%

Demographics (Median Values)*

Total Population 14250

Weekly Household Income 1861

Household Size 2.40

Average Age 37

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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