moorabbin

3189, Victoria

Real Estate & Property Information

Median
Price Rank
135

moorabbin Suburb Profile & Review

Moorabbin is a relatively small suburb located in Melbourne's south-east. Despite their names, neither the Moorabbin Airport nor DFO Moorabbin are actually in the area; instead, they are located fifteen minutes further south in Mentone. A bustling retail district can be found around the Nepean Highway and South Road intersection, just next to Moorabbin Station. Trains travel from here to the inner city on the Frankston line in under thirty minutes.

Moorabbin Oval was once home to the St Kilda Football Club, but the club's training and administration now occurs at a recently completed site in Seaford. Moorabbin still houses the club's merchandise and gaming facilities.

For families with young children there are three primary schools: Moorabbin Primary School, St Catherine's Primary School and Southmoor Primary School. A Holmesglen Institute of TAFE campus on South Road offers vocational training to 10,000 students, while the Bayside Special Developmental School caters to students from kindergarten to Year 12 with special needs.

moorabbin Demographic Data

$ 650,000 Median House Price

27 Minutes Average Commute

39 Median Age

5,283 Population

50.63 % Female

49.37 % Male

1461 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in moorabbin, Victoria.

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moorabbin Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

moorabbin Median House Prices

  • 2008 $ 520,000
  • 2009 $ 532,625
  • 2010 $ 585,000
  • 2011 $ 701,250
  • 2012 $ 650,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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moorabbin 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in moorabbin have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term moorabbin property price predictions.

moorabbin Market Property Types

  • 80 % Seperate House
  • 12 % Semi Detached
  • 7 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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moorabbin Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

moorabbin Income & Mortgage Stats

  • $ 1,290 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in moorabbin

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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moorabbin Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

moorabbin Sold Property Prices

moorabbin Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

moorabbin Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

moorabbin Restaurants

  • Silky EmperorShop 30, 477-481 Warrigal Road moorabbin VIC 318903 9532 3779
  • Mirchi364 South Road moorabbin VIC 318903 9555 1008
  • Mexico Lindo157 Chesterville Rd moorabbin VIC 318903 9555 6339

moorabbin Cafes

  • Gilbey's CafeUnit 7/970 Nepean Highwaymoorabbin VIC 318903 9532 1433
  • Mama's Corner Cafe614 South Roadmoorabbin VIC 318903 9553 6033
  • Cafe Siciliadolce74/80 Keys Roadmoorabbin VIC 318903 9553 1928

moorabbin Schools

  • Holmesglen Institute of TAFE488 South Roadmoorabbin VIC 3189(03) 9564 1555Adult Multicultural Education Service
  • St. Catherines Primary SchoolFletcher StreetÊmoorabbin VIC 3189(03) 9555 7200Catholic Primary School
  • Bayside Special Development SchoolGenoa Streetmoorabbin VIC 3189(03) 9555 4155Specialist School

moorabbin Childcare

  • Kids Time Early Learning Centre488 South Roadmoorabbin VIC 3189
  • ABC Learning CentreIsabella Stmoorabbin VIC 3189
  • Joseph Av Early Learning CentreChifley Business Park 9 Joseph Ave, Moorabin Airportmoorabbin VIC 3189

moorabbin Kindergarten and Preschools

  • Bruthen Street Kindergarten2 Bruthen Streetmoorabbin VIC 3189
  • Joseph Av Early Learning CentreChifley Business Park, 9 Joseph Avmoorabbin VIC 3189

moorabbin Sporting Centres and Clubs

  • Little Athletics Centres, Bricker Res.moorabbin VIC 3189Athletics Club
  • G.R. Bricker Reservemoorabbin VIC 3189Athletics Club
  • Moorabbin10 Independence Stmoorabbin VIC 3189Squash Court

moorabbin Retirement Villages

  • Chapel Villagemoorabbin VIC 3189

Find out How Much your House is Worth in moorabbin

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