Morgantown (postcode 6701) is a small locality in Western Australia within the Carnarvon local government area. The area has roughly 774 residents and a settled mid-life population, with a median age of 38. Households earn a median income of $71K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 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, sales, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Morgantown stand at $340,000, having climbed sharply by 30.8% over the last twelve months. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,083.
Public transport access includes 4 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 6.1%, which reads as high yield. Property prices sit below the state median ($340K/$1.0M), which can point to relative value. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +30.8% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.