Mooroolbark is a large suburb in Victoria within the Yarra Ranges local government area (postcode 3138). With a population of 23,059, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mooroolbark is $858,000, having increased 4.6% over the past year. Units have a median price of $690,000 (+5.3% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,000.
Mooroolbark is served by 10 schools, including 6 primary, 2 secondary, 2 combined. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 3 rail stations, 41 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Mooroolbark offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($858K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +4.6% year-on-year.
Mooroolbark is a large suburb in Victoria within the Yarra Ranges local government area (postcode 3138). With a population of 23,059, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Mooroolbark is $858,000, having increased 4.6% over the past year. Units have a median price of $690,000 (+5.3% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,000.
Mooroolbark is served by 10 schools, including 6 primary, 2 secondary, 2 combined. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 3 rail stations, 41 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Mooroolbark offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($858K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +4.6% year-on-year.