Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
The suburb’s capital gain of -1.25% for the past year is lower than average compared to its 31.81% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $592,500, and the average rent at $410, this suggests property owners could potentially earn a 3.6% increase in gross rental yield.
Property investors have seen a -2.07% 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 4.67% growth over a ten-year period. It ranks 1710th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $592,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.07% | N/A |
| Median 12 month | -1.25% | N/A |
| Median 3 years | 18.5% | N/A |
| Median 5 years | 31.81% | N/A |
| 10 years average annual | 4.67% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 57.3 days | N/A |
| Gross Rental Yield Percent | 3.6% | N/A |
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