Property investments in MOOROOLBARK fare well against the rest of the country last year, registering a median home price increase of 17.74%.
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 $400 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 29.5 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 $730,000.
MOOROOLBARK ranks 374th on the list of best yielding suburbs for rental properties in VIC, posting a 2.85% return.
MOOROOLBARK, 3138 ranks 230th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.32% for property investors last year.
Profits due to an upward trend in home prices in MOOROOLBARK, 3138 averaged 17.94% per annum over a 3-year period.
Average weekly rents on listings have reached the $370 mark, reflecting a 3.28% increase in returns based on the current median price in MOOROOLBARK.
An average of 5.92 real estate transactions take place per month in MOOROOLBARK which translates to 71 per annum.
71 properties were sold in MOOROOLBARK during the past year, making it the 36th most active market in VIC based on total real estate transactions.
MOOROOLBARK, 3138 places 44th in Australia based on median property value growth during the quarter.
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