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South Morang
AREA REPORTS

South Morang

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

house
unit

Property investors have seen a 1.39% 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 12.31%.

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 $730,000

Profits averaged 4.99% 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 $420 based on current median home prices for the suburb.

The gross rental yield in SOUTH MORANG, 3752 is 2.99%.

An average of 25.42 real estate transactions take place per month in SOUTH MORANG which translates to 305 per annum.

Data report can be found below

South Morang
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $730,000 $475,000
GROWTH REPORT
Median Quarterly 1.39% 4.63%
Median 12 month 12.31% 6.74%
Median 3 years 14.96% 15.43%
Median 5 years 43.98% 29.78%
10 years average annual 6.15% 3.21%
Weekly media advert. rent $420 $372.5
Time on Market 37.9 days 54.4 days
Gross Rental Yield Percent 2.99% 4.08%
demographics (median values)*
Total Population
24060
Weekly Household Income
1739
Household Size
3.10
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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