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MorpethMorpeth - SUBURB PROFILE REPORT
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The suburb’s capital gain of 2.77% for the past year is lower than average compared to its 34.64% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $602,500, and the average rent at $410, this suggests property owners could potentially earn a 3.54% increase in gross rental yield.
Property investors have seen a 8.07% 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 8.32% growth over a ten-year period. It ranks 98th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $602,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.07% | N/A |
| Median 12 month | 2.77% | N/A |
| Median 3 years | 20.74% | N/A |
| Median 5 years | 34.64% | N/A |
| 10 years average annual | 8.32% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.54% | N/A |
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