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Mooroolbark

POSTAL CODE: VIC, 3138
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Property investments in MOOROOLBARK did not fare well against the rest of the country last year, registering a median home price decrease of 1.03%.

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 $622.5 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 29.4 days.

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

Property investors perceived the median home price rise to $884,000.

MOOROOLBARK ranks 264th on the list of best yielding suburbs for rental properties in VIC, posting a 3.66% return.

Surburb overview

Mooroolbark is a residential suburb in Melbourne’s outer east, located about 30 kilometres from the central business district and forming part of the Yarra Ranges local government area. It developed from former orchard land and now presents a mix of established housing, newer estates and medium-density dwellings around its central precinct.

The suburb’s population exceeds 23,000, with households including families, young adults, and long-term residents who have remained through several stages of suburban growth.
Its street layout reflects both older postwar subdivisions and contemporary infill patterns, with varied block sizes and tree-lined neighbourhoods.

Mooroolbark Railway Station lies at the heart of the suburb on the Lilydale line and provides direct services to the CBD and major eastern hubs. A network of bus routes connects the surrounding residential areas with the station and neighbouring suburbs, including Lilydale, Chirnside Park and Croydon.

Maroondah Highway and Hull Road act as primary road links, giving access to regional destinations and the broader arterial network.

The suburb contains a defined town centre along Brice Avenue and Manchester Road, where supermarkets, specialty stores, cafés and essential services cluster around the station precinct. Larger commercial facilities are available nearby at Chirnside Park Shopping Centre and Croydon’s retail strip.

Schools in and around Mooroolbark include Mooroolbark College, Bimbadeen Heights Primary School, Pembroke Primary School and St Peter Julian Eymard Primary School, supported by a range of early-learning centres.

Health services are provided through local clinics and allied health facilities, with hospitals in Ringwood and Wantirna serving broader medical needs.

Recreation forms a significant part of local life, with Red Earth Community Park and Hookey Park offering open space close to the centre. The Brushy Creek Trail provides a continuous walking and cycling path through the suburb and links to the broader shared-trail network.

Sporting facilities cater for football, cricket, soccer, tennis and athletics, with clubs based at venues such as Mooroolbark College Reserve and Esther Park.

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