With a capital gain of 1.43% for the last 12 months, Morayfield, 4506 has performed for property investments than its average annual 0.65% property growth over the last 5 years.
While Morayfield,4506 ranked number 420th in QLD for increase in median house value (annualised) increase, it is ranked 497th over the last 5 years.
The most recent median price for Morayfield is $355000, with sellers offering an average of -4.32% off the asking price.
Situated 38.80km from the CBD, Morayfield is one of Moreton Bay localities in the postcode 4506.
If you compare the increase in value of investment property in Morayfield, 4506 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -8.55%.
Morayfield,4506 was ranked 1575 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Morayfield, 4506. Typically our figures indicate that -6.43% is being offered, which puts this QLD suburb at 358th most discounted overall in Australia.
At number 1403 in a list of fastest selling suburbs, Morayfield is in the bottom 10% of suburbs in Australia with an average of days on market 131.6 for properties listed there.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 1.78%, investors should hope to achieve an overall return of 5.88%