Morawa is a quiet locality in Western Australia within the Morawa local government area (postcode 6623). With a population of 459, the suburb has a mature demographic with a median age of 45. Households earn a median income of $64K per year, with an average household size of 2.1 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Morawa is $160,000, having increased 3.2% over the past year. Units have a median price of $190,000 (+7.3% YoY). The current median weekly rent is $305. This gives a gross rental yield of approximately 9.9%. The median monthly mortgage repayment is $500.
Morawa is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 902, which is below the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, Morawa offers a gross rental yield of 9.9%, rated as high yield. Property prices sit below the state median ($160K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +3.2% year-on-year.
Morawa is a quiet locality in Western Australia within the Morawa local government area (postcode 6623). With a population of 459, the suburb has a mature demographic with a median age of 45. Households earn a median income of $64K per year, with an average household size of 2.1 people. The most common occupations are managers, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Morawa is $160,000, having increased 3.2% over the past year. Units have a median price of $190,000 (+7.3% YoY). The current median weekly rent is $305. This gives a gross rental yield of approximately 9.9%. The median monthly mortgage repayment is $500.
Morawa is served by 2 schools, including 1 secondary, 1 combined. The average ICSEA score is 902, which is below the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, Morawa offers a gross rental yield of 9.9%, rated as high yield. Property prices sit below the state median ($160K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +3.2% year-on-year.