How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Property investors have seen a 4.26% gain in MOOROOPNA based on an increase 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 $245,000
Profits averaged 3.79% 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 $300 based on current median home prices for the suburb.
The gross rental yield in MOOROOPNA, 3629 is 6.37%.
An average of 8.83 real estate transactions take place per month in MOOROOPNA which translates to 106 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $245,000 | $175,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.26% | 2.04% |
| Median 12 month | 7.46% | 8.02% |
| Median 3 years | 11.36% | 6.71% |
| Median 5 years | 12.64% | 19.05% |
| 10 years average annual | 2.05% | 0.83% |
| Weekly media advert. rent | $300 | $225 |
| Time on Market | 86.2 days | 87.5 days |
| Gross Rental Yield Percent | 6.37% | 6.69% |
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