Morpeth (postcode 2321) is a small community in New South Wales within the Maitland local government area. It is home to about 1,686 residents, with a predominantly older resident base and a median age of 55. Households earn a median income of $58K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Morpeth has a median house price of $833,000, which has eased back by 2.1% year-on-year. Units have a median price of $1.1 million (+85.7% YoY). The current median weekly rent is $635. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,788.
Morpeth is served by 1 school, including 1 primary. The average ICSEA score is 1023, which is around the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Maitland LGA is moderate at 4,266 incidents per 100,000 population.
On the investment side, Morpeth shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($833K/$1.5M), which can point to relative value. The price-to-income ratio of 14.3x is considered stretched. House prices have moved -2.1% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.