If you compare the increase in value of investment property in Morisset, 2264 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -10.83%.
Over the longer term, Morisset has seen property prices show investors a 13.46% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Morisset should be aiming for at least -5.90% off the asking price, which is the average vendor discount being achieved at the moment.
Morisset, 2264’s gross rental yield is 4.08%
Giving property investors a a poor capital gain of -7.79% for the last year, Morisset, 2264 is the 1226th highest performer in Australia in this respect.
A -3.53% growth in median value for property investors in Morisset,2264 puts this suburb at number 440th in terms of best performing suburbs in NSW
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
Using the current median advertised rental of $389.5 and the average annual increase in value of a median property of -0.40%, investors should hope to achieve an overall return of 5.71%