Moonee Ponds investors secure 6.1% rental yield, outpacing comparable suburbs

Moonee Ponds posted the highest rental yields among monitored suburbs last quarter, with gross returns averaging 6.1 per cent on houses and units.

Global market swings and fresh uncertainty over energy prices have pushed local buyers toward assets that generate steady cash flow without relying on capital growth alone. Rents in the suburb held firm through winter while vacancy rates stayed below 2 per cent, according to data compiled by the Moonee Valley Property Association.

Street-level activity

Investors have focused on two-bedroom units near the intersection of Puckle Street and Mount Alexander Road, where weekly rents reached $520 last month. Further east, renovated homes on Taylor Street attracted multiple offers at auction on 28 June, with one three-bedroom weatherboard selling for $985,000 and leasing the same week for $680. The Clocktower Centre on Pascoe Vale Road hosted two investor briefings in May that drew more than 80 attendees, many of them first-time landlords.

Median unit prices sat at $685,000 on 30 June, up 4 per cent from the same date in 2025, while house prices averaged $1.15 million. Rental data from CoreLogic showed Moonee Ponds yields exceeded those recorded in comparable pockets of London’s outer boroughs by 0.8 percentage points.

Next steps for buyers

Agents at the Moonee Ponds branch of Nelson Alexander recommend checking strata records on any unit purchased off Union Road before settlement. Prospective owners should also contact the local council’s planning desk to confirm current zoning rules ahead of any minor renovation that might lift future rent.

Settlements booked for August and September already show 12 investor purchases, suggesting the yield advantage is holding into the new financial year.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.