Property investors have seen a 0.88% 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 $230,000
Profits averaged 1.52% 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 $280 based on current median home prices for the suburb.
The gross rental yield in MOOROOPNA, 3629 is 6.33%.
An average of 11.25 real estate transactions take place per month in MOOROOPNA which translates to 135 per annum.
Property investments in MOOROOPNA fare well against the rest of the country last year, registering a median home price increase of 3.75%.
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.
This means, real estate investors could earn a rental income of $212.5 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 122.2 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 $166,000
Investors saw the median home price rise to $166,000.
MOOROOPNA ranks 4th on the list of best yielding suburbs for rental properties in VIC, posting a 6.66% return.
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