The suburb’s capital gain of -1.92% for the past year is lower than average compared to its 21.57% growth within a five-year period.
Also in MORPETH, the median home price is sitting at $510,000, and the average rent at $390, this suggests property owners could potentially earn a 3.98% increase in gross rental yield.
Property investors have seen a 2.2% 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 6.43% growth over a ten-year period. It ranks 1070th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.92%||N/A|
|Median 3 years||11.6%||N/A|
|Median 5 years||21.57%||N/A|
|10 years average annual||6.43%||N/A|
|Weekly media advert. rent||$390||N/A|
|Time on Market||119.5 days||N/A|
|Gross Rental Yield Percent||3.98%||N/A|