Morisset is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 4,078, the suburb has a mature demographic with a median age of 53. Households earn a median income of $50K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Morisset is $1.2 million, having surged 55.6% over the past year. Units have a median price of $585,000 (-9.7% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,647.
Morisset is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 953, which is around the national average of 1,000. Public transport access includes 1 rail station, 22 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Morisset offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 25.0x is considered stretched. House prices have moved +55.6% year-on-year.
Morisset is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 4,078, the suburb has a mature demographic with a median age of 53. Households earn a median income of $50K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Morisset is $1.2 million, having surged 55.6% over the past year. Units have a median price of $585,000 (-9.7% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,647.
Morisset is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 953, which is around the national average of 1,000. Public transport access includes 1 rail station, 22 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Morisset offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 25.0x is considered stretched. House prices have moved +55.6% year-on-year.