South Morang

POSTAL CODE: VIC, 3752

HOUSE

UNIT

Property investors have seen a 1.71% gain in SOUTH MORANG based on an increase in median home prices for the past three months.

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 $820,000

Profits averaged 2.67% 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 $560 based on current median home prices for the suburb.

The gross rental yield in SOUTH MORANG, 3752 is 3.55%.

An average of 26.25 real estate transactions take place per month in SOUTH MORANG which translates to 315 per annum.

Property investments in SOUTH MORANG did not fare well against the rest of the country last year, registering a median home price decrease of 1.21%.

Figures from the previous quarter show that capital gains for real estate buyers in SOUTH MORANG are high, as opposed to average gains per annum over the past five years.

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

This means, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In SOUTH MORANG, homes and units usually stay on listing for an average of 54.9 days.

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 $544,000

Investors saw the median home price rise to $544,000.

SOUTH MORANG ranks 107th on the list of best yielding suburbs for rental properties in VIC, posting a 4.97% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$820,000	$544,000
Growth Report
Median Quarterly	1.71%	4.11%
Median 12 month	7.54%	1.21%
Median 3 years	8.61%	9.24%
Median 5 years	27.63%	18.91%
10 years average annual	6.42%	4.39%
Weekly media advert. rent	$560	$520
Time on Market	46.5 days	54.9 days
Gross Rental Yield Percent	3.55%	4.97%

Demographics (Median Values)*

Total Population 24060

Weekly Household Income 1739

Household Size 3.10

Average Age 34

Monthly Loan Repayment 1852

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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