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Mooroolbark
AREA REPORTS

Mooroolbark

Mooroolbark - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3138

house
unit

Property investments in MOOROOLBARK fare well against the rest of the country last year, registering a median home price increase of 6.91%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MOOROOLBARK, 3138 saw average growth in the long term.

Real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 42.8 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $727,000.

MOOROOLBARK ranks 420th on the list of best yielding suburbs for rental properties in VIC, posting a 2.79% return.

Data report can be found below

Mooroolbark
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $727,000 $590,000
GROWTH REPORT
Median Quarterly 0.59% 0%
Median 12 month 6.91% 6.59%
Median 3 years -1.49% -0.17%
Median 5 years 29.82% 40.48%
10 years average annual 5.24% 5.16%
Weekly media advert. rent $390 $350
Time on Market 42.8 days 41.4 days
Gross Rental Yield Percent 2.79% 3.08%
demographics (median values)
Total Population
21967
Weekly Household Income
1594
Household Size
2.80
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