Suburb Profile Report for Morisset NSW (2264)

Morisset House: Median price $465,000, Annual capital growth 5.12%, Number of sales 47, Weekly median advertised rent $385

Morisset Unit: Median price $371,750, Annual capital growth 3.54%, Number of sales 17, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Morisset has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.68% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Morisset comes in at number 1063th in NSW.

Morisset, 2264 is offering NSW ‘s 206th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

In the last year 47 properties changed hands in Morisset, which puts it as the 702th most active market in NSW when comparing the number of sales per suburb.

A $385 per week rent on the median house gives suburb investors a gross yield of circa 4.31%, without taking into account capital value appreciation, which has been averaging out at 5.12%.

Property value increases in Morisset have tracked just lower than the NSW average of 7.74% over the last 12 months.

Across a shorter period, Morisset, 2264 has seen a median price increase of 0.47% over the last quarter.

The NSW suburb of Morisset, 2264 is in the Lake Macquarie local government area.

Metrics i HOUSE UNIT
$465,000 $371,750
1.33% 0.47%
5.68% 1.02%
5.12% 3.54%
$385 $370
47 17
4.31% 5.18%
52 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 2856
Median household income ($/weekly) 621
Median age of persons 55
Median housing loan repayment ($/monthly) 1647
Average household size 2
  • Census Count Percent(%)
    35-44 years 244 8.5
    45-54 years 338 11.8
    55-64 years 351 12.3
    65-74 years 408 14.3
    75-84 years 486 17.0
    Others 1030 36.1
    Age Group
    Census Count Percent(%)
    Not Married 1016 49.3
    Registered Married 930 45.1
    Defacto Relationship 114 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2350 85.9
    New Zealand 26 1.0
    Papua New Guinea 42 1.5
    United Kingdom 160 5.8
    Other 43 1.6
    Others 115 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.4
    Christianity 2041 79.1
    Hinduism 6 0.2
    Islam 10 0.4
    No Religion 504 19.5
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 161 15.1
    $400-$599 254 23.8
    $600-$799 146 13.7
    $800-$999 108 10.1
    $1,500-$1,999 70 6.6
    Others 329 30.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1619 66.7
    Employed, worked full-time 413 17.0
    Employed, worked part-time 265 10.9
    Unemployed, looking for work 77 3.2
    Employed, away from work 53 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 114 15.7
    Technicians & trades workers 119 16.3
    Community & personal service workers 84 11.5
    Clerical & administrative workers 102 14.0
    Labourers 84 11.5
    Others 225 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 22 5.0
    Infants/Primary 159 36.4
    Secondary 127 29.1
    Technical or Further Educational Institution 62 14.2
    University or other Tertiary Institutions 59 13.5
    Others 8 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1965 80.3
    Semi-detached, row or terrace house, townhouse 368 15.0
    Caravan, cabin, houseboat 79 3.2
    Flat, unit or apartment 34 1.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 629 54.9
    Rented 264 23.0
    Being purchased 194 16.9
    Other tenure type 59 5.1
    Tenure Type
Census 2011, ABS
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