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Morpeth, NSW 2321
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$870,000
market range $825K-$1M
Median Unit
$735,000
market range $700K-$775K
Gross Yield (units)
3.8%
1yr Growth (houses)
+6.0%
market range +2.5% to +10.0%
Investment snapshot for Morpeth
Morpeth has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Morpeth market and investor summary
In Morpeth, NSW 2321, the median house sells for around $870K. House prices have moved +6.0% over the past year and +22.9% over three years. At 0.5% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking. Houses also take time to sell, around 79 days on market, so plan for a slower exit if you ever need one.
Living in Morpeth: people, income and schools
About 1,686 people live in Morpeth, and the area has been growing steadily, up about 14% over five years. At a median age of 55, it reads as an older, established demographic, and families account for 64% of households.
The typical household income runs to around $58,000 a year (about $1,120 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 14.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
Families have 12 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 6 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 1,686
- +14% over 5yr
- Median age
- 55 years
- Median household income
- $58,000/yr
- Households renting
- 16%
- Family households
- 64%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 12
- avg ICSEA 1027
- Unemployment
- 4.1%
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Morpeth
View all →Frequently asked questions about Morpeth
What should I check before investing in Morpeth?
Morpeth has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +6.0% in the past year shows positive recent price momentum. 3-year capital growth of +22.9% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Morpeth?
The median property price in Morpeth, NSW 2321 is $870K for houses and $735K for units.
What rental yield does Morpeth show?
The gross rental yield in Morpeth is 3.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Morpeth?
House prices in Morpeth are up 6.0% over the past year and up 22.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Morpeth?
The current vacancy rate in Morpeth is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Morpeth?
Morpeth has a population of approximately 1,686 residents, with a median age of 55.
What schools are near Morpeth?
There are 12 schools within roughly 5km of Morpeth. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Morpeth affordable to buy in?
A median house in Morpeth costs about 14.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Morpeth's population growing?
The population of Morpeth has grown about 14% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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