‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors have seen a -0.43% drop in MOOROOPNA based on a decrease in median home prices for the past three months.
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 $229,000
Profits averaged -0.14% per annum over a 3-year period, due to an downward trend in home prices in MOOROOPNA, 3629.
This means, real estate investors could earn a rental income of $290 based on current median home prices for the suburb.
The gross rental yield in MOOROOPNA, 3629 is 6.59%.
An average of 12.33 real estate transactions take place per month in MOOROOPNA which translates to 148 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $229,000 | $151,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.43% | -8.48% |
| Median 12 month | 8.02% | -8.48% |
| Median 3 years | -0.43% | -8.48% |
| Median 5 years | 11.71% | -7.36% |
| 10 years average annual | 1.77% | -0.35% |
| Weekly media advert. rent | $290 | $220 |
| Time on Market | 87.7 days | 124.2 days |
| Gross Rental Yield Percent | 6.59% | 7.58% |
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