Moorabbin is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3189). With a population of 6,287, the suburb has an established demographic with a median age of 39. Households earn a median income of $106K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Moorabbin is $1.3 million, having dipped slightly 1% over the past year. Units have a median price of $748,000 (+13.3% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,300.
Moorabbin is served by 5 schools, including 3 primary, 2 special. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 53 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Moorabbin offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 12.2x is considered stretched. House prices have moved -1.0% year-on-year.
Moorabbin is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3189). With a population of 6,287, the suburb has an established demographic with a median age of 39. Households earn a median income of $106K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Moorabbin is $1.3 million, having dipped slightly 1% over the past year. Units have a median price of $748,000 (+13.3% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,300.
Moorabbin is served by 5 schools, including 3 primary, 2 special. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 53 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Moorabbin offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 12.2x is considered stretched. House prices have moved -1.0% year-on-year.