Suburb Profile Report for Morisset Park NSW (2264)

Morisset Park House: Median price $565,000, Annual capital growth 5.09%, Number of sales 15, Weekly median advertised rent $430

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

At number 3312th in the list of Australian suburbs ordered by increase in median house value over the last year, Morisset Park, 2264 is in the BOTTOM 30% with a property value increase of -3.50% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Morisset Park has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Morisset Park, 2264. Typically our figures indicate that -8.51% is being offered, which puts this NSW suburb at 652th most discounted overall in Australia.

Often selling an investment property can take time, and in Morisset Park the average time real estate has been on the market is 95.33 days.

Advertised rents are around the $430 mark per week – giving a return of 3.96% based on the median price in Suburb

HOUSE UNIT
$565,000 N/A
-4.56% N/A
-3.50% N/A
5.09% N/A
$430 N/A
15 N/A
3.96% N/A
95.33 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 617
Median household income ($/weekly) 1346
Median age of persons 42
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 75 12.1
    35-44 years 66 10.7
    45-54 years 82 13.3
    55-64 years 107 17.3
    65-74 years 81 13.1
    Others 207 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 270 59.0
    Not Married 151 33.0
    Defacto Relationship 37 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 506 84.5
    Papua New Guinea 10 1.7
    South Africa 19 3.2
    United Kingdom 26 4.3
    Other 13 2.2
    Others 25 4.2
    Country of Birth
    Census Count Percent(%)
    Christianity 439 75.3
    No Religion 132 22.6
    Buddhism 9 1.5
    Islam 3 0.5
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 21 10.1
    $1,250-$1,499 23 11.1
    $1,500-$1,999 23 11.1
    $2,000-$2,499 17 8.2
    $2,500-$2,999 19 9.2
    Others 104 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 181 37.5
    Not in the labour force 168 34.8
    Employed, worked part-time 94 19.5
    Employed, away from work 23 4.8
    Unemployed, looking for work 17 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 38 12.8
    Professionals 69 23.2
    Technicians & trades workers 40 13.5
    Clerical & administrative workers 49 16.5
    Sales 30 10.1
    Others 71 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 16 12.2
    Infants/Primary 42 32.1
    Secondary 39 29.8
    Technical or Further Educational Institution 10 7.6
    University or other Tertiary Institutions 21 16.0
    Others 3 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 584 96.4
    Semi-detached, row or terrace house, townhouse 13 2.1
    Flat, unit or apartment 9 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 86 38.7
    Fully owned 78 35.1
    Rented 52 23.4
    Other tenure type 6 2.7
    Tenure Type
Census 2011, ABS
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