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2 MIN READNAB 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...
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MorpethMorpeth - SUBURB PROFILE REPORT
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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 Price | $585,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.36% | N/A |
| 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 |
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