Properties Under 400k?

Suburb Details:

Mooroopna is an example of a market that is performing well within a underperforming regional town (Shepparton). This suburb comes with an inherent risk of a flood prone area with a history of wide flooding and you must insure you have adequate insurance. The sentiment around Victorian suburbs is changing slowly however it is still a cold market. Mooroopna however is showing the right signs of a market transitioning from a cool to warm market. Decreasing days on market and stock on market are the key metrics leading this charge.

Key Data Metrics

_{*Note: Data derived from either DSR, Suburbs Finder or HTAG depending on reliability and availability of metrics. This is only a guide and best to cross-reference with other sources.}

Location & Infrastructure

Mooroopna is a town in Victoria, Australia, located 4 kilometres west of Shepparton and 180 kilometres north of Melbourne. It is connected to the Shepparton region and sits on the Goulburn River. The town has key infrastructure, including Mooroopna Primary School, Mooroopna Secondary College, and healthcare facilities like Goulburn Valley Health’s Community Health Centre. The Mooroopna Shopping Centre is the main retail hub with shops, supermarkets, and services. Public transport is available, with bus services linking Mooroopna to Shepparton and nearby towns. The town also has parks, walking trails, and sporting clubs which provides lifestyle for residents.

Other Important Factors:

Mooroopna has large pockets of developable land with some new homes being built on 400sqm lots of land. However supply is still extremely low and there are minimal building approvals. This indicated by the decreasing days on market and stock on market → if this trend continues it will cause house prices to rise.

The suburb has excellent rental yields sometimes exceeding 6% with certain properties. This is one of the highest yielding suburbs in the entirety of Victoria which means holding property in this suburb is more achievable. Vacancy rates are incredibly low and the lack of supply will keep rental demand high further pushing rents up.

Shepparton’s economy is diverse, with a range of occupations such as professionals, laborers, technicians, and managers. Key industries include agriculture, construction, real estate, and transport, creating a balanced economic foundation and strong potential for growth.

Nearby Major Projects:

• Shepparton Major Projects - Link

• Goulburn Valley Highway Shepparton Bypass - Link

• Shepparton Passenger Rail Upgrade - Link

• Shepparton Growth Plan - Link

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Mooroopna

• Right next to regional hub Shepparton.

• Days on market and stock on market trending down last 4 months → Rising demand.

• Extremely strong yields especially in Victoria.

• Mooroopna is entering its deal window in its market cycle to purchase property.

• Easy access to airport & only 10 minutes to town centre.

Con’s Of Investing In Mooroopna

• Major flood zone, history of flooding.

• Lots of developable land → plots of land being sold.

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_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}