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Mooroolbark

Suburb Profile

Mooroolbark - FREE 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 -4.04%.

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 $430 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 43.7 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 $688,000.

MOOROOLBARK ranks 373rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.25% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $688,000 $553,500
GROWTH REPORT
Median Quarterly 1.18% 0.85%
Median 12 month -4.04% 2.03%
Median 3 years 9.03% 10.7%
Median 5 years 45.25% 45.05%
10 years average annual 6.5% 6.15%
Weekly media advert. rent $430 $397.5
Time on Market 43.7 days 47.5 days
Gross Rental Yield Percent 3.25% 3.73%
demographics (median values)
Total Population
19338
Weekly Household Income
1112
Household Size
2.80
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