Suburb Profile Report for Morpeth NSW (2321)

Morpeth House: Median price $499,000, Annual capital growth 6.14%, Number of sales 35, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

With a capital gain of 9.67% for the last 12 months, Morpeth, 2321 has performed for property investments than its average annual 6.14% property growth over the last 5 years.

Across a shorter period, Morpeth, 2321 has seen a median price increase of -0.22% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Morpeth is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 562th in terms of most discounted suburbs in NSW

Advertised rents are around the $380 mark per week – giving a return of 3.96% based on the median price in Suburb

Metrics i HOUSE UNIT
$499,000 N/A
-0.22% N/A
9.67% N/A
6.14% N/A
$380 N/A
35 N/A
3.96% N/A
121.17 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1261
Median household income ($/weekly) 1184
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 147 11.7
    25-34 years 135 10.7
    35-44 years 181 14.4
    45-54 years 181 14.4
    55-64 years 176 14.0
    Others 441 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 460 49.8
    Not Married 383 41.5
    Defacto Relationship 81 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1093 92.5
    Italy 6 0.5
    Papua New Guinea 19 1.6
    United Kingdom 43 3.6
    United States of America 4 0.3
    Others 16 1.4
    Country of Birth
    Census Count Percent(%)
    Christianity 936 80.3
    No Religion 216 18.5
    Buddhism 8 0.7
    Other Religious Groups 5 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 46 10.9
    $600-$799 44 10.4
    $800-$999 38 9.0
    $1,000-$1,249 40 9.5
    $1,500-$1,999 53 12.5
    Others 202 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 366 38.2
    Not in the labour force 341 35.6
    Employed, worked part-time 195 20.3
    Employed, away from work 35 3.6
    Unemployed, looking for work 22 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 68 11.4
    Professionals 134 22.6
    Technicians & trades workers 105 17.7
    Clerical & administrative workers 63 10.6
    Machinery operators & drivers 65 10.9
    Others 159 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 22 8.0
    Infants/Primary 112 40.6
    Secondary 62 22.5
    Technical or Further Educational Institution 34 12.3
    University or other Tertiary Institutions 40 14.5
    Others 6 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1029 88.5
    Semi-detached, row or terrace house, townhouse 68 5.8
    Flat, unit or apartment 36 3.1
    House or flat attached to a shop, office 30 2.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 182 38.7
    Being purchased 177 37.7
    Rented 100 21.3
    Other tenure type 11 2.3
    Tenure Type
Census 2011, ABS
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