Moe is a residential suburb in Victoria, sitting within the 3825 postcode. Located approximately 120km from the Melbourne CBD, the suburb is serviced by 5 schools and benefits from solid transport and amenity access.
Moe has a population of approximately 9,375, a median age of 44, a median weekly household income of $1,006. The suburb has a balanced mix of owner-occupiers (61%) and renters, indicating healthy demand across both segments. Across the broader LGA, 21.9% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (17.7%), Retail Trade (10.7%), Construction (10.3%).
The current median house price in Moe is $413,500. The suburb has delivered strong average annual growth of 8.9% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 14.07%.
Properties in Moe spend an average of 39 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.91%. With inventory levels at just 1.65 months, supply is tight relative to demand. The average vendor discount is -5.7%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Moe is $415. Gross rental yield sits at 5.22%, which is above average and attractive for cashflow-oriented investors. Vacancy rate is 1.06%, reflecting healthy rental demand. Rents have grown 6.41% over the past 12 months.
The broader local government area is forecast to grow from 79,067 to 82,921 residents by 2031 (4.9% growth).
Explore other suburb profiles in the area: Warragul, VIC, Drouin, VIC, Bunyip, VIC, Pakenham, VIC.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Moe or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.