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...
The suburb’s capital gain of -1.93% for the past year is lower than average compared to its 31.58% growth within a five-year period.
Also in MORNINGSIDE, the median home price is sitting at $762,500, and the average rent at $500, this suggests property owners could potentially earn a 3.41% increase in gross rental yield.
Property investors have seen a -2.24% drop in MORNINGSIDE 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 3.89% growth over a ten-year period. It ranks 1967th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $762,500 | $472,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.24% | 1.18% |
| Median 12 month | -1.93% | -2.33% |
| Median 3 years | 7.64% | -2.02% |
| Median 5 years | 31.58% | 9.38% |
| 10 years average annual | 3.89% | 1.01% |
| Weekly media advert. rent | $500 | $412.5 |
| Time on Market | 64.3 days | 86.7 days |
| Gross Rental Yield Percent | 3.41% | 4.54% |
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