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Moorabbin
AREA REPORTS

Moorabbin

Moorabbin - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3189

house
unit

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 $1,416,000.

The upward trend in home prices in MOORABBIN, 3189 averaged 8.62% per annum over a 3-year period.

Average weekly rents on listings have reached the $575 mark, reflecting a 2.11% increase in returns based on the current median price in MOORABBIN.

An average of 7.08 real estate transactions take place per month in MOORABBIN which translates to 85 per annum.

85 properties were sold in MOORABBIN in 2016, making it the 48th most active market in VIC based on total real estate transactions.

MOORABBIN, 3189 places 201st in Australia based on median property value growth during the quarter.

Data report can be found below

Moorabbin
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,416,000 $721,250
GROWTH REPORT
Median Quarterly 6.07% 22.77%
Median 12 month 31.11% 14.12%
Median 3 years 25.87% 33.56%
Median 5 years 47.12% 33.26%
10 years average annual 8.62% 4.03%
Weekly media advert. rent $575 $450
Time on Market 43.1 days 55.0 days
Gross Rental Yield Percent 2.11% 3.24%
demographics (median values)*
Total Population
5895
Weekly Household Income
1474
Household Size
2.50
Age
39
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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