How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
Property investors enjoyed capital gains of 23.81% over the last 12 months in MOE, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in MOE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 44.44% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $270 based on current median home prices for the suburb.
On average, rents on listings have reached the $270 mark, reflecting a 5.4% increase in returns based on the current median price in MOE.
MOE, 3825 ranks 51st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 35th on the list of best yielding suburbs for rental properties in VIC, posting a 5.4% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.81%||-7.1%|
|Median 3 years||44.44%||4.73%|
|Median 5 years||60%||-1.37%|
|10 years average annual||5.97%||1.71%|
|Weekly media advert. rent||$270||$205|
|Time on Market||54.6 days||65.5 days|
|Gross Rental Yield Percent||5.4%||7.4%|