NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
The suburb’s capital gain of -4.22% for the past year is lower than average compared to its 35.26% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $585,000, and the average rent at $415, this suggests property owners could potentially earn a 3.69% increase in gross rental yield.
Property investors have seen a 6.36% gain in MORPETH based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.76% growth over a ten-year period. It ranks 352nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.22%||N/A|
|Median 3 years||13.04%||N/A|
|Median 5 years||35.26%||N/A|
|10 years average annual||7.76%||N/A|
|Weekly media advert. rent||$415||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.69%||N/A|