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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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MorgantownMorgantown - SUBURB PROFILE REPORT
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Property investors have seen a 11.11% gain in MORGANTOWN based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MORGANTOWN, 6701 saw average growth in the long term.
The WA 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 $200,000
Profits averaged 18.95% per annum over a 3-year period, due to an upward trend in home prices in MORGANTOWN, 6701.
This means, real estate investors could earn a rental income of $325 based on current median home prices for the suburb.
The gross rental yield in MORGANTOWN, 6701 is 8.45%.
An average of 1.33 real estate transactions take place per month in MORGANTOWN which translates to 16 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $200,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 11.11% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 56.86% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 19.79% | N/A |
| Weekly media advert. rent | $325 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 8.45% | N/A |
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