Suburb Profile Report for Morpeth NSW (2321)

Morpeth House: Median price $514,250, Annual capital growth 6.82%, Number of sales 30, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report

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

HOUSE UNIT
$514,250 N/A
1.13% N/A
14.53% N/A
6.82% N/A
$375 N/A
30 N/A
3.79% N/A
113.53 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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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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