At number 495th in the list of Australian suburbs ordered by increase in median house value over the last year, Morpeth, 2321 is in the top 20% with a property value increase of 14.53% 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 Morpeth has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Morpeth itself are offering an average vendor discount of -4.77% to real estate investors.
In the last year 30 properties changed hands in Morpeth, which puts it as the 948th most active market in NSW when comparing the number of sales per suburb.
Morpeth is 565th on a list of best yielding suburbs for rents in NSW with a 3.79% return