Schoolies season sparks warning to home owners
Home owners and property managers are being urged to be cautious as students celebrate their end-of-year school celebrations. ...
The suburb’s capital gain of -2.99% for the past year is lower than average compared to its 62.5% growth within a five-year period.
Also in MORTS ESTATE, the median home price is sitting at $325,000, and the average rent at $295, this suggests property owners could potentially earn a 4.72% increase in gross rental yield.
Property investors have seen a 0% 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 6.74% growth over a ten-year period. It ranks 834th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $325,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -2.99% | N/A |
| Median 3 years | 35.98% | N/A |
| Median 5 years | 62.5% | N/A |
| 10 years average annual | 6.74% | N/A |
| Weekly media advert. rent | $295 | N/A |
| Time on Market | 52.1 days | N/A |
| Gross Rental Yield Percent | 4.72% | N/A |
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