MOORABBIN, 3189 ranks 974th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.11% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,018,000.
The upward trend in home prices in MOORABBIN, 3189 averaged 15.14% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 2.55% increase in returns based on the current median price in MOORABBIN.
An average of 6.58 real estate transactions take place per month in MOORABBIN which translates to 79 per annum.
79 properties were sold in MOORABBIN in 2016, making it the 67th most active market in VIC based on total real estate transactions.
MOORABBIN, 3189 places 370th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.11%||14.62%|
|Median 3 years||45.43%||9.49%|
|Median 5 years||61.46%||10.67%|
|10 years average annual||8.99%||7.86%|
|Weekly media advert. rent||$500||$425|
|Time on Market||47.4 days||75.3 days|
|Gross Rental Yield Percent||2.55%||3.88%|