Located in New South Wales within the Shoalhaven local government area, Morton is a quiet locality (postcode 2538). The area has roughly 225 residents and a mature demographic, with a median age of 45. Households earn a median income of $80K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, community & personal service, technicians & trades. Employment in the area leans toward construction and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Morton is $1.3 million, having surged by 66.5% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,453.
Public transport access includes 14 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.3%, which reads as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.9x is considered stretched. House prices have moved +66.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.