The suburb’s capital gain of 3.31% for the past year is lower than average compared to its 50.35% growth within a five-year period.
Also in MORTS ESTATE, the median home price is sitting at $265,000, and the average rent at $300, this suggests property owners could potentially earn a 5.89% increase in gross rental yield.
Property investors have seen a -7.83% drop in MORTS ESTATE 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 8.16% growth over a ten-year period. It ranks 503rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.31%||N/A|
|Median 3 years||32.5%||N/A|
|Median 5 years||50.35%||N/A|
|10 years average annual||8.16%||N/A|
|Weekly media advert. rent||$300||N/A|
|Time on Market||48.6 days||N/A|
|Gross Rental Yield Percent||5.89%||N/A|