Suburb Profile Report for Morisset NSW (2264)

Morisset House: Median price $510,000, Annual capital growth 5.68%, Number of sales 42, Weekly median advertised rent $380

Morisset Unit: Median price $375,000, Annual capital growth 3.29%, Number of sales 17, Weekly median advertised rent $373

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 868th in the list of Australian suburbs ordered by increase in median house value over the last year, Morisset, 2264 is in the top 30% with a property value increase of 15.65% recorded in median house prices.

While Morisset,2264 ranked number 109th in NSW for increase in median house value (annualised) increase, it is ranked 735th over the last 5 years.

Morisset, 2264 is offering NSW ‘s 90th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.87%, without taking into account capital value appreciation, which has been averaging out at 5.68%.

Property value increases in Morisset have tracked lower than the NSW average of 8.39% over the last 12 months.

Taking the average capital gain, or increase in median house value, Morisset,2264 has racked up an average of 0.40% over the period. This ranks it number 1190th in the whole country for real estate investors looking at median house price increases.

Morisset is 70th on a list of best yielding suburbs for rents in NSW with a 5.17% return

Metrics i HOUSE UNIT
$510,000 $375,000
9.21% 1.35%
15.65% 0.40%
5.68% 3.29%
$380 $373
42 17
3.87% 5.17%
41.41 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2856
Median household income ($/weekly) 621
Median age of persons 55
Median housing loan repayment ($/monthly) 1647
Average household size 2
  • Census Count Percent(%)
    35-44 years 244 8.5
    45-54 years 338 11.8
    55-64 years 351 12.3
    65-74 years 408 14.3
    75-84 years 486 17.0
    Others 1030 36.1
    Age Group
    Census Count Percent(%)
    Not Married 1016 49.3
    Registered Married 930 45.1
    Defacto Relationship 114 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2350 85.9
    New Zealand 26 1.0
    Papua New Guinea 42 1.5
    United Kingdom 160 5.8
    Other 43 1.6
    Others 115 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.4
    Christianity 2041 79.1
    Hinduism 6 0.2
    Islam 10 0.4
    No Religion 504 19.5
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 161 15.1
    $400-$599 254 23.8
    $600-$799 146 13.7
    $800-$999 108 10.1
    $1,500-$1,999 70 6.6
    Others 329 30.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1619 66.7
    Employed, worked full-time 413 17.0
    Employed, worked part-time 265 10.9
    Unemployed, looking for work 77 3.2
    Employed, away from work 53 2.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 114 15.7
    Technicians & trades workers 119 16.3
    Community & personal service workers 84 11.5
    Clerical & administrative workers 102 14.0
    Labourers 84 11.5
    Others 225 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 22 5.0
    Infants/Primary 159 36.4
    Secondary 127 29.1
    Technical or Further Educational Institution 62 14.2
    University or other Tertiary Institutions 59 13.5
    Others 8 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1965 80.3
    Semi-detached, row or terrace house, townhouse 368 15.0
    Caravan, cabin, houseboat 79 3.2
    Flat, unit or apartment 34 1.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 629 54.9
    Rented 264 23.0
    Being purchased 194 16.9
    Other tenure type 59 5.1
    Tenure Type
Census 2011, ABS
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