Schoolies season sparks warning to home owners
Home owners and property managers are being urged to be cautious as students celebrate their end-of-year school celebrations. ...
The suburb’s capital gain of -0.39% for the past year is lower than average compared to its 18.63% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $515,000, and the average rent at $390, this suggests property owners could potentially earn a 3.94% increase in gross rental yield.
Property investors have seen a 0.59% 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 5.75% growth over a ten-year period. It ranks 1368th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $515,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.59% | N/A |
| Median 12 month | -0.39% | N/A |
| Median 3 years | 1.28% | N/A |
| Median 5 years | 18.63% | N/A |
| 10 years average annual | 5.75% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 70.5 days | N/A |
| Gross Rental Yield Percent | 3.94% | N/A |
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