Property Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
Property investors enjoyed capital gains of 34.15% over the last 12 months in MORWELL, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.24% growth over a ten-year period. It ranks 1835th on our list of suburbs that property investors should look into.
MORWELL, 3840 has a capital gain of 34.15% for the past year, which is higher than average compared to its 80.33% growth within a five-year period.
With the median home price in MORWELL sitting at $275,000, and the average rent at $290, property owners could potentially earn a 5.48% increase in gross rental yield.
A 34.15% increase in median property prices in MORWELL, 3840 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 56th.
Figures from the previous quarter show that capital gains for real estate buyers in MORWELL are low, as opposed to average gains per annum over the past five years.
MORWELL, 3840 in VIC belongs to the local government area of Latrobe (C) (Vic.).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||34.15%||33.14%|
|Median 3 years||68.2%||41.96%|
|Median 5 years||80.33%||41.51%|
|10 years average annual||6.24%||4.75%|
|Weekly media advert. rent||$290||$230|
|Time on Market||38.6 days||43.7 days|
|Gross Rental Yield Percent||5.48%||5.32%|