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The suburb’s capital gain of -1.06% for the past year is lower than average compared to its 45.63% growth within a five-year period.
Also in MORTS ESTATE, the median home price is sitting at $375,000, and the average rent at $365, this suggests property owners could potentially earn a 5.06% increase in gross rental yield.
Property investors have seen a 0.13% gain in MORTS ESTATE 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 7.97% growth over a ten-year period. It ranks 906th on our list of suburbs that property investors should look into.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $375,000 | N/A |
GROWTH REPORT | ||
Median Quarterly | 0.13% | N/A |
Median 12 month | -1.06% | N/A |
Median 3 years | 11.94% | N/A |
Median 5 years | 45.63% | N/A |
10 years average annual | 7.97% | N/A |
Weekly media advert. rent | $365 | N/A |
Time on Market | 0.0 days | N/A |
Gross Rental Yield Percent | 5.06% | N/A |