AREA REPORTS

South Morang

Suburb Profile

South Morang - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3752

house
unit

Property investors have seen a 0.48% gain in SOUTH MORANG based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on SOUTH MORANG, 3752 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.33%.

Based on its average 5-year and quarterly capital gains SOUTH MORANG, 3752 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $633,000

Profits averaged 15.74% per annum over a 3-year period, due to an upward trend in home prices in SOUTH MORANG, 3752.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

The gross rental yield in SOUTH MORANG, 3752 is 3.29%.

An average of 24.08 real estate transactions take place per month in SOUTH MORANG which translates to 289 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $633,000 $420,000
GROWTH REPORT
Median Quarterly 0.48% 3.7%
Median 12 month 12.33% 9.09%
Median 3 years 47.21% 21.74%
Median 5 years 58.25% 28.05%
10 years average annual 6.75% 4.26%
Weekly media advert. rent $400 $335
Time on Market 47.9 days 52.6 days
Gross Rental Yield Percent 3.29% 4.15%
demographics (median values)
Total Population
12320
Weekly Household Income
1236
Household Size
3.10
demographics
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