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Morpeth, NSW 2321

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Morpeth, NSW 2321 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Morpeth, NSW 2321”

  1. The total adult population (15 years or older) of Morpeth 2321 NSW is 1,434, with a median age of 55. Of those, 52.02% are married, 14.23% are divorced or separated, 22.94% are single and 10.95% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,040. The median monthly mortgage repayment for households in this suburb is $1,788 which is 29.60% of their earnings.

    Source: ABS Census Data (2021)

  2. Homes nestled in the tranquil suburb of Morpeth 2321, located in New South Wales, are part of a community of 968 households nestled in this peaceful corner of the state. As of the third quarter of 2023, typical house prices in Morpeth sat comfortably at the $890,335 mark, and those owning properties for rent can expect a median weekly return of $488.

    Despite the relative tranquillity of Morpeth, the yield stands somewhat below the urban average at 2.85%. Nevertheless, the suburb boasts an impressive socio-economic score of 984 out of 1217, suggesting a healthy presence of income and access to economic resources. Interestingly, with a renter to owner ratio of only 15%, this indicates a robust market that is predominantly home-owners, which can lead to less competition amongst landlords and rental stability.

    Further underscoring Morpeth’s appeal as a favourable market is the incredibly low units-to-houses ratio, standing at only 2%. This reinforces the idea that Morpeth mostly attracts long term residents, signaling long-term tenant possibilities for your property.

    However, buyers should be aware that the affordability index for houses is high at 58 years, making it a potentially prohibitive market for some. The market’s stock on market Percentage is favourable at just 0.13%, and an extremely low inventory level of only 0.43 months further supports this. The BA ratio, another key indicator of supply, is in the favourable range at 0.25%.

    The number of days on market averages to 72, which is somewhat greater than the high demand marker but far from the low threshold, hinting at a relatively neutral demand. The vacancy rate is a slightly discouraging 4.67%, indicating somewhat lower demand. However, the buy search index sits at an average level of 5, suggesting a balanced interest in property purchasing in the area.

    Overall, Morpeth offers considerable merits for property investing, but a thorough understanding and ongoing monitoring of the market are recommended. With the correct approach, buying property in Morpeth could prove a promising investment.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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