Mooroopna

POSTAL CODE: VIC, 3629

HOUSE

UNIT

Property investors have seen a 0.44% gain in MOOROOPNA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MOOROOPNA, 3629 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.81%.

Based on its average 5-year and quarterly capital gains MOOROOPNA, 3629 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $447,000

Profits averaged 4.67% per annum over a 3-year period, due to an upward trend in home prices in MOOROOPNA, 3629.

This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

The gross rental yield in MOOROOPNA, 3629 is 5.82%.

An average of 16.17 real estate transactions take place per month in MOOROOPNA which translates to 194 per annum.

Property investments in MOOROOPNA fare well against the rest of the country last year, registering a median home price increase of 9.52%.

Figures from the previous quarter show that capital gains for real estate buyers in MOOROOPNA are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MOOROOPNA, 3629 saw average growth in the long term.

This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MOOROOPNA, homes and units usually stay on listing for an average of 67.2 days.

the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $345,000

Investors saw the median home price rise to $345,000.

MOOROOPNA ranks 52nd on the list of best yielding suburbs for rental properties in VIC, posting a 5.43% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$447,000	$345,000
Growth Report
Median Quarterly	0.44%	0.73%
Median 12 month	12.81%	9.52%
Median 3 years	14.62%	27.78%
Median 5 years	68.68%	81.58%
10 years average annual	7.25%	8.12%
Weekly media advert. rent	$500	$360
Time on Market	62.7 days	67.2 days
Gross Rental Yield Percent	5.82%	5.43%

Demographics (Median Values)*

Total Population 9127

Weekly Household Income 1022

Household Size 2.30

Average Age 41

Monthly Loan Repayment 1200

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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