Moorabbin (postcode 3189) is a mid-sized suburb in Victoria within the Kingston (Vic.) local government area. It is home to about 6,287 residents, with an established family demographic and a median age of 39. Households earn a median income of $106K per year, with an average household size of 2.5 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Moorabbin is $1.3 million, having softened modestly by 1% over the past year. Units have a median price of $580,000 (-22.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.4%. 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.
Looking at the investment signals, The gross rental yield works out to roughly 2.4%, which reads 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.