How We Appraise a Homes Value
Thinking of selling your home in Moorabbin? We estimate a property’s value based on location to schools, shops, amenities, condition of the home and the sales history of the area. All these factors help us determine what we believe to be a fair and accurate price. Depending on the buyer or investor needs is what will create demand for houses and units in Moorabbin. Our real estate appraisal service is free of charge. We will walk the seller through all the processes in valuing the property and show them how we can to our estimate. If the seller is happy then we will announce to our database of investors and buyers that a property in Moorabbin is on the market. Following this we also market the property across all real estate portals, social media platforms, print media and our own website. We back our agency up with radio advertising as well.
Real Estate Trends Moorabbin
The median price for a house in Moorabbin at March, 2017 was $980,000. A median priced unit was $632,000. This represents an annual capital growth of 9.21% for homes and 7.68% for units. Over the past 12 months 83 homes and and 66 units have been sold. Property in Moorabbin is rated by the Data to Supply Ratio DSR as good. This translates to sellers not being in a hurry to sell their property and are usually getting the prices they are asking for. Demand is ahead of supply and the capital growth should exceed the national average for now.
House prices and rent returns in Moorabbin.
- 3 bedroom home $975,000 Rent per week $460
- 4 bedroom home $1,085,000 Rent per week $645
Unit prices and rent returns in Moorabbin.
- 2 bedroom unit $571,000 Rent per week $430
- 3 bedroom unit $807,000 Rent per week $558
Recently sold homes in Moorabbin
Lifestyle in Moorabbin.
The Australian census of 2011 put the population of Moorabbin at 5283. Registered married couple represent 50% of the population. Defacto relationships mad up 8.3%. A good proportion of the residents are retired. Moorabbin is located 15 kilometres south east of the Melbourne Central Business District. Its eastern boundary is about 2 kilometres from Port Phillip Bay. Neighbouring suburbs are Hampton. Highett, Bentleigh and Heatherton.
Local Transport in Moorabbin.
There is the Moorabbin train station which runs along the Frankston line. There are multiple bus routes that run along Warrigal and South Roads and the Nepean highway. There is the regional airport Moorabbin Airport which offers flight training and charter flights.
Eduction, Shopping and Sport in Moorabbin
The nearest major shopping complex Westfield Southland in Highett approximately 2 kilometres south of Moorabbin. There is the Moorabbin Campus of the Holmesglen Institute of Tafe. There are also the Moorabbin, St Catherine’s and Southmoor Primary schools. In Linton Street is the famous Moorabbin Reserve which was formerly the home to AFL team St Kilda.