Morgantown

POSTAL CODE: WA, 6701

HOUSE

Property investors have seen a 14.81% gain in MORGANTOWN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MORGANTOWN, 6701 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 12.73%.

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 $310,000

Profits averaged 0% 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 $435 based on current median home prices for the suburb.

The gross rental yield in MORGANTOWN, 6701 is 7.3%.

An average of 1.67 real estate transactions take place per month in MORGANTOWN which translates to 20 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$310,000	N/A
Growth Report
Median Quarterly	14.81%	N/A
Median 12 month	12.73%	N/A
Median 3 years	0%	N/A
Median 5 years	181.82%	N/A
10 years average annual	23.61%	N/A
Weekly media advert. rent	$435	N/A
Time on Market	68 days	N/A
Gross Rental Yield Percent	7.3%	N/A

Demographics (Median Values)*

Total Population 5544

Weekly Household Income 1258

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1517

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

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