Morisset Property Management
Morisset is a suburb of the City of Lake Macquarie in New South Wales, Australia. It is located just off the Sydney-Newcastle Freeway. It has a population of around 25,309 as per June 2018. The population is growing steadily at an average annual growth rate of 1.8%. Morisset is named after Major James Morisset who camped here in 1823. The earliest settlement was at Cooranbong in 1826. Initially agriculture and forestry were the main occupations. Morisset came up as a sawmill town around the train station. Morisset Peninsula in the east of the town is where most residential settlement is currently. There are many schools in this suburb. Morisset has good bus and train connectivity. Houses here take an average of 63 days to sell while units take 35 days to sell.
Real Estate in Morisset
Median selling price for houses in Morisset is $561,000. This is at a growth of 4.9% compared to last year. Median selling price of homes in 2017-18 was $535,000. A total of 40 recorded house sales were made in the period of Apr 2018 - Mar 2019. Buying homes is a good investment here as property rates are reasonably priced. The sale of homes here spikes in the months of July, August and November. Average rental for homes is $398 per week. Rentals are growing at 3.7% annually. Number of current home rentals is 90.
For units, median selling price is $360,000 which is at a decline of -6.5% as compared to last financial year. The average median price in the previous year was $385,000. There were 29 sales last year. Current median weekly rent is $360 at a growth of 5.2% based on 22 rentals last year. Morisset has good real estate investment opportunities, especially since units are at low prices that are perfect for property management.
Population in Morisset
Morisset has a large senior population. Families include 52% couples, 27% couples with no children, and 19% single-parent homes. In the age-wise population breakup, seniors above the age of 60 are about 1500 people. Between 40 to 59 years, there are 700 people, and between 20 to 39 years there are around 575 people. Between 0 to 19 years, there are 500 babies, children and teens. Weekly household income is between $500 and $1499 per week for about 600 people. 300 people earn between $100 to $499 per week. The same is about $1500 per week for about 260 people. 16% of the suburb’s residents are employed in full-time work while 10% are part-time workers. 67% of them drive their car to work, 3% walked to work and 4% worked from home. 65% of them are not in labour force accounting for the students, babies and retired people. 3% people are unemployed. As far as homes are concerned, 49% homes are fully owned. 14% people are purchasing homes and 26% are renting accommodations. When we look at dwelling structures, 72% are separate houses, 1% are flats and 25% are semis/terraces. There are some heritage homes here. All stats are as per 2016. If you are looking for property managers, No Bull Real Estate is the perfect choice for you. They specialise in Property Management and real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle & Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au