The suburb’s capital gain of 7.11% for the past year is lower than average compared to its 35.98% growth within a five-year period.
Also in MORNINGSIDE, the median home price is sitting at $780,500, and the average rent at $500, this suggests property owners could potentially earn a 3.33% increase in gross rental yield.
Property investors have seen a 0% gain in MORNINGSIDE 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 5.39% growth over a ten-year period. It ranks 1422nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.11%||-1.87%|
|Median 3 years||24.68%||0.64%|
|Median 5 years||35.98%||8.85%|
|10 years average annual||5.39%||2.34%|
|Weekly media advert. rent||$500||$415|
|Time on Market||68.4 days||80.1 days|
|Gross Rental Yield Percent||3.33%||4.56%|