AREA REPORTS

Moorabbin

VIC/
Moorabbin

Suburb Profile

Moorabbin - FREE 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 $1,190,000.

The upward trend in home prices in MOORABBIN, 3189 averaged 18.38% per annum over a 3-year period.

Average weekly rents on listings have reached the $540 mark, reflecting a 2.36% increase in returns based on the current median price in MOORABBIN.

An average of 5.25 real estate transactions take place per month in MOORABBIN which translates to 63 per annum.

63 properties were sold in MOORABBIN in 2016, making it the 128th most active market in VIC based on total real estate transactions.

MOORABBIN, 3189 places 316th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,190,000 $621,500
GROWTH REPORT
Median Quarterly 1.28% -7.51%
Median 12 month 13.6% 8.89%
Median 3 years 55.15% 32.94%
Median 5 years 78.68% 37.12%
10 years average annual 8.43% 6.55%
Weekly media advert. rent $540 $430
Time on Market 69.6 days 53.8 days
Gross Rental Yield Percent 2.36% 3.6%
demographics (median values)
Total Population
5170
Weekly Household Income
994.6
Household Size
2.50
demographics
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Top 10 Birth Countries
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