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Mooroopna, VIC 3629

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mooroopna, VIC 3629 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mooroopna, VIC 3629”

  1. The total adult population (15 years or older) of Mooroopna 3629 VIC is 6,909, with a median age of 43. Of those, 37.76% are married, 17.37% are divorced or separated, 37.56% are single and 7.40% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,820. The median monthly mortgage repayment for households in this suburb is $1,148 which is 19.73% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Mooroopna, 3629, situated in Victoria, boasts of an estimated 4353 households. As we approach the third quarter of 2023, we observe some interesting market dynamics in the vicinity.

    Average property prices for houses in Mooroopna stand at a moderate $440,135, which paired with a median weekly rent of $429, results in an indicative yield of 5.07%. This yield is impressively higher than the standard 3% benchmark, making it a potentially attractive area for cashflow-centered property investors.

    Mooroopna’s IRSAD score, a socio-economic index, sits at a reasonable 873 out of 1217. This score reflects modest socio-economic conditions in the area, with fair access to economic resources and a somewhat balanced distribution of skilled professions.

    A measure of the local occupancy status indicates a renter to owner ratio of 31%. Although a touch above the more desirable sub 30% threshold, the ratio is far from the concerning upper benchmark of 45%, averting fears of oversaturation by rental properties.

    Units account for just 12% of housing properties in Mooroopna, thus prioritising houses in the market domain. This promises a generally reduced competition among landlords for tenants, aiding in sustaining higher rental yields.

    Affordability is relatively high among Mooroopna’s residents, with a typical individual requiring 30 years to fully own a house. This sits neatly within our favourable range which signifies that local residents can afford a standard 30-year mortgage in the current market.

    When it comes to supply, stock on the market at 0.6% is within a neutral range while the inventory level for houses is at a healthy 2.55 months. This points to a market reasonably capable of absorbing new listings. The building approvals Ratio fuels this further with a favourable 1.78%, indicating a low potential supply of new dwelling stock.

    In terms of demand, the average days on market is at 75, signaling a neutral level of market interest. The vacancy rate, which combines both houses and units, is below 1% – a brilliant display of high demand. However, with a buy search index for houses at 3, the demand seems limited for potential buyers.

    These factors combine to present Mooroopna as a market to keep a watchful eye on, particularly for property investors who value cash-flow. As with every investment, it’s crucial to monitor market trends and stay informed about potential changes in these metrics. Mooroopna’s RCS as determined by HtAG Analytics could prove invaluable for investors seeking to make data-driven decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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