‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
The suburb’s capital gain of 2.2% for the past year is lower than average compared to its 17.24% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $510,000, and the average rent at $395, this suggests property owners could potentially earn a 4.03% increase in gross rental yield.
Property investors have seen a -1.45% drop in MORPETH based on a decrease 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 5.35% growth over a ten-year period. It ranks 1472nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.45% | N/A |
| Median 12 month | 2.2% | N/A |
| Median 3 years | 13.59% | N/A |
| Median 5 years | 17.24% | N/A |
| 10 years average annual | 5.35% | N/A |
| Weekly media advert. rent | $395 | N/A |
| Time on Market | 47.8 days | N/A |
| Gross Rental Yield Percent | 4.03% | N/A |
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