Suburb Profile Report for Morayfield QLD (4506)

Morayfield House: Median price $353,500, Annual capital growth 1.63%, Number of sales 438, Weekly median advertised rent $355

Morayfield Unit: Median price $297,500, Annual capital growth 3.12%, Number of sales 99, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Morayfield has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.00% to date .

Comparing Morayfield,4506 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.84% offered to property buyers. Sellers in Morayfield itself are offering an average vendor discount of -4.47% to real estate investors.

On average over the past year, suburb has had 36.50 sales per month, which equates to 438 per year.

Morayfield, 4506’s gross rental yield is 5.22%

At number 853th in the list of Australian suburbs ordered by increase in median house value over the last year, Morayfield, 4506 is in the top half with a property value increase of 4.23% recorded in median house prices.

The five-year average increase in median property values for Morayfield,4506 has given property investors a potential capital gain of 9.78% across each of those five years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.93% offered to property buyers. Sellers in Morayfield itself are offering an average vendor discount of -6.42% to real estate investors.

At number 1270 in a list of fastest selling suburbs, Morayfield is in the bottom 20% of suburbs in Australia with an average of days on market 110.61 for properties listed there.

Property investors should expect to get $315 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
April 2015

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Morayfield, located just 38km north of the Brisbane CBD, has been quietly and steadily growing over the past two yearsFull summary Morayfield, located just 38km north of the Brisbane CBD, has been quietly and steadily growing over the past two years.

In fact, median house values in Morayfield outperformed Brisbane during the past 12 months, growing by 4.6% compared to Brisbane’s 3.4% growth, according to Onthehouse.com.au.

Kevin Young, a real estate agent with Harcourts Pinnacle, says families are attracted to the area, thanks to the larger homes on offer.

The family-friendly suburb also boasts a number of quality schools and amenities, meaning it is desirable for both buyers and renters.

It’s located near the Bruce Highway, making it accessible to the Brisbane CBD.

Houses are very affordable at a median price of just $346,500, despite a 4.6% price boost.

The rental market is tight with a vacancy rate at only 1.8%.

Investors enjoy good rent returns, Young notes.

The rent for a fourbedroom house ranges between $345 and $365 per week, and rental yield exceeds 5%.

Morayfield’s local economy is supported by a vibrant retail sector, including the Morayfield Shopping Centre, which also attracts shoppers from other nearby suburbs.

“There’s a homemaker centre, which is good for a growing community,” Young says.

There are a number of schools in the area, as well as a community sports centre.

According to Young, the best buys are four-bedroom, two-bathroom houses because they are in high demand from tenants with kids.Close
Metrics i HOUSE UNIT
$353,500 $297,500
1.00% -0.50%
1.00% 4.23%
1.63% 3.12%
$355 $315
438 99
5.22% 5.51%
70.43 110.61

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Morayfield QLD
Demographics
Total population 19346
Median household income ($/weekly) 1193
Median age of persons 31
Median housing loan repayment ($/monthly) 1742
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 3081 15.9
    25-34 years 2653 13.7
    35-44 years 2643 13.7
    45-54 years 2484 12.8
    55-64 years 1883 9.7
    Others 6603 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 6169 46.4
    Not Married 5345 40.2
    Defacto Relationship 1776 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 15239 83.8
    Papua New Guinea 987 5.4
    Philippines 108 0.6
    United Kingdom 926 5.1
    Other 318 1.7
    Others 604 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 142 0.8
    Christianity 11643 67.7
    Hinduism 43 0.3
    Other Religious Groups 97 0.6
    No Religion 5231 30.4
    Others 39 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 597 10.8
    $800-$999 598 10.8
    $1,000-$1,249 660 11.9
    $1,250-$1,499 581 10.5
    $1,500-$1,999 862 15.6
    Others 2241 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5359 39.1
    Not in the labour force 4449 32.5
    Employed, worked part-time 2606 19.0
    Unemployed, looking for work 713 5.2
    Employed, away from work 577 4.2
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1520 17.8
    Community & personal service workers 896 10.5
    Clerical & administrative workers 1268 14.8
    Sales 1009 11.8
    Labourers 1208 14.1
    Others 2638 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 300 6.5
    Infants/Primary 1934 42.2
    Secondary 1324 28.9
    Technical or Further Educational Institution 410 8.9
    University or other Tertiary Institutions 456 9.9
    Others 160 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 17323 95.0
    Semi-detached, row or terrace house, townhouse 649 3.6
    Flat, unit or apartment 239 1.3
    Caravan, cabin, houseboat 15 0.1
    House or flat attached to a shop, office 5 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2455 40.2
    Being purchased 2301 37.7
    Fully owned 1336 21.9
    Other tenure type 19 0.3
    Tenure Type
Census 2011, ABS
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