Property 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...
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 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|