Suburb Profile Report for Morgantown WA (6701)

Morgantown House: Median price $110,000, Annual capital growth 2.97%, Number of sales 19, Weekly median advertised rent $313

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

In the last year 19 properties changed hands in Morgantown, which puts it as the 403th most active market in WA when comparing the number of sales per suburb.

Using the current median advertised rental of $312.5 and the average annual increase in value of a median property of 2.97%, investors should hope to achieve an overall return of 14.77%

Metrics	HOUSE	UNIT
Median price	$110,000	N/A
Quarterly growth	0.00%	N/A
12-month growth	N/A	N/A
Average Annual Growth	2.97%	N/A
Weekly median advertised rent	$313	N/A
Number of sales	19	N/A
Gross rental yield	14.77%	N/A
Days on market	90	N/A

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

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Demographics

Total population	780
Median household income ($/weekly)	984
Median age of persons	39
Median housing loan repayment ($/monthly)	1200
Average household size	2.3

Census	Count	Percent(%)
5-14 years	116	14.9
25-34 years	88	11.3
35-44 years	124	15.9
45-54 years	117	15.0
55-64 years	85	10.9
Others	251	32.1

Age Group

Census	Count	Percent(%)
Not Married	223	45.3
Registered Married	171	34.8
Defacto Relationship	98	19.9

Social Marital Status

Census	Count	Percent(%)
Australia	541	80.4
Croatia	6	0.9
Papua New Guinea	14	2.1
United Kingdom	28	4.2
Other	40	5.9
Others	44	6.5

Country of Birth

Census	Count	Percent(%)
Christianity	451	71.4
No Religion	170	26.9
Buddhism	8	1.3
Islam	3	0.5
Hinduism	0	0.0
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$400-$599	31	13.1
$600-$799	24	10.1
$800-$999	27	11.4
$1,000-$1,249	24	10.1
$1,500-$1,999	27	11.4
Others	104	43.9

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	219	42.4
Not in the labour force	178	34.5
Employed, worked part-time	68	13.2
Employed, away from work	27	5.2
Unemployed, looking for work	24	4.7

Person Characteristics

Census	Count	Percent(%)
Professionals	59	18.5
Technicians & trades workers	42	13.2
Community & personal service workers	40	12.5
Machinery operators & drivers	36	11.3
Labourers	45	14.1
Others	97	30.4

Occupation

Census	Count	Percent(%)
Pre-school	12	8.3
Infants/Primary	59	40.7
Secondary	40	27.6
Technical or Further Educational Institution	20	13.8
University or other Tertiary Institutions	11	7.6
Others	3	2.1

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	529	81.6
Semi-detached, row or terrace house, townhouse	80	12.3
Flat, unit or apartment	39	6.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0