Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
MORUYA, 2537 ranks 236th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.71% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $462,500.
The upward trend in home prices in MORUYA, 2537 averaged 13.38% per annum over a 3-year period.
Average weekly rents on listings have reached the $375 mark, reflecting a 4.22% increase in returns based on the current median price in MORUYA.
An average of 7.92 real estate transactions take place per month in MORUYA which translates to 95 per annum.
95 properties were sold in MORUYA in 2016, making it the 26th most active market in NSW based on total real estate transactions.
MORUYA, 2537 places 306th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $462,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.78% | N/A |
| Median 12 month | 21.71% | N/A |
| Median 3 years | 40.15% | N/A |
| Median 5 years | 44.53% | N/A |
| 10 years average annual | 5.45% | N/A |
| Weekly media advert. rent | $375 | N/A |
| Time on Market | 121.2 days | N/A |
| Gross Rental Yield Percent | 4.22% | N/A |
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