Moorabbin

Moorabbin, VIC 3189 is a vibrant suburb with a diverse population of around 6,287 residents. The area has a mix of age groups, with a fair distribution from young families to older individuals. The suburb offers various commuting options, with a significant number of residents opting to work from home. Moorabbin has a well-educated community, with a high ICSEA percentile indicating good educational opportunities for students. The suburb provides access to public transport with train services and has a good mix of occupation types including managers, professionals, and technicians/tradeworkers. For houses in Moorabbin, the sale price IQR ratio suggests a potential for renovation opportunities attracting investors and developers. The market is stable with low vacancy rates, indicating a good demand for rental properties. With a moderate growth rate, investing in houses could provide long-term capital growth potential. For units, the suburb offers a higher rental yield, lower vacancy rates, and a healthy market absorption rate, making it attractive for investors seeking rental income. Moorabbin, VIC 3189 presents a desirable living environment for residents of diverse age groups. The suburb offers good educational facilities and commuting options, with a focus on work-from-home arrangements. For property investors, both houses and units in Moorabbin hold investment potential. Houses could be ideal for renovation projects due to the stable market and low vacancy rates, while units offer higher rental yields and absorption rates, making them attractive for rental income strategies. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022