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1 MIN READProperty Growth Expectations Hit Record Highs
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MorningsideMorningside - SUBURB PROFILE REPORT
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The suburb’s capital gain of 2.17% for the past year is lower than average compared to its 16.53% growth within a five-year period.
Also in MORNINGSIDE, the median home price is sitting at $822,500, and the average rent at $520, this suggests property owners could potentially earn a 3.29% increase in gross rental yield.
Property investors have seen a -0.3% 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 3.32% growth over a ten-year period. It ranks 2418th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $822,500 | $469,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.3% | 0.21% |
| Median 12 month | 2.17% | 3.08% |
| Median 3 years | 5.45% | 3.08% |
| Median 5 years | 16.53% | -6.11% |
| 10 years average annual | 3.32% | 0.55% |
| Weekly media advert. rent | $520 | $430 |
| Time on Market | 36.3 days | 59.1 days |
| Gross Rental Yield Percent | 3.29% | 4.77% |
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