Question 1

Is Mooroopna a nice place to live?

Accepted Answer

Mooroopna is a regional town on the banks of the Goulburn River opposite Shepparton, shaped by surrounding orchard and irrigation country. It has a compact town centre, tree-lined streets with a mix of timber cottages, brick homes and newer estates, and riverfront parks and paths that encourage outdoor life. Local sporting clubs, a modest commercial strip and community facilities give the town a practical, lived-in feel, while Mooroopna station on the Shepparton line and regional roads link residents to the larger regional centre.

The community of 8,312 has a median age of 43 and a median household income of $1,121 a week. Families make up the bulk of households and about three in four families are couples, and most homes are owner-occupied. Recent and planned works include an upgraded station with an extended platform to accommodate VLocity trains, further track and signalling works to enable more services, a staged redevelopment of Goulburn Valley Health with funding announced for an integrated cancer centre, a children and families centre, upgrades identified for the recreation reserve and pool, a strategic cycling corridor, and new community housing. Whether Mooroopna suits you depends on whether you want a riverside regional town with local shops, parks and links to a nearby regional centre.

Question 2

Is it expensive to live in Mooroopna?

Accepted Answer

A median house price of $520,000 in Mooroopna works out to about 8.9 times a typical local household's annual income at the last Census, while the median unit price of $235,000 is about 4.0 times that annual income. On the renting side, a house rent of $500 a week would take roughly 44.6% of a typical local household's weekly income at the last Census, and a unit rent of $350 a week about 31.2%. Taken together, buying a house sits well above local incomes at the last Census and house rents take a large share of weekly income, while units are nearer to local income levels and their rents represent a sizeable share.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Mooroopna a good place to invest?

Accepted Answer

Houses in Mooroopna saw a strong rise in capital value over the past year, with median house values up 14.3%. House rents rose by a modest 3.1% over the same period, so on the houses side price growth outpaced rental income growth this year.

Units moved differently on the value side, with median unit values down 2.6% over the year. Whether those movements suit you depends on your goals, whether you are targeting capital growth or rental income, and your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$520K	$235K
Change in value Past 12 months	14.3%	-2.6%
Sold Past 3 months	38	11
Median days on market Past 12 months	36	42
Average rent Past 12 months	$500	$350
Change in rent Past 12 months	3.1%	N/A

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