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7 MIN READThe Pros And Cons Of Off-market Property Sales
What are the pros and cons of off-market property sales? We discuss how this selling approach works and delve into the p...
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MorpethMorpeth - SUBURB PROFILE REPORT
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The suburb’s capital gain of 8.62% for the past year is higher than average compared to its 20% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $630,000, and the average rent at $430, this suggests property owners could potentially earn a 3.55% increase in gross rental yield.
Property investors have seen a 1.61% 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 3.82% growth over a ten-year period. It ranks 2736th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.61% | N/A |
| Median 12 month | 8.62% | N/A |
| Median 3 years | 24.88% | N/A |
| Median 5 years | 20% | N/A |
| 10 years average annual | 3.82% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 37.7 days | N/A |
| Gross Rental Yield Percent | 3.55% | N/A |
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