Question 1

Is Morgan a nice place to live?

Accepted Answer

Morgan is a small riverside town on the Murray River with nineteenth-century river port heritage still visible in its wharf and historic buildings. Life moves at a relaxed, small-town pace and the town draws locals, retirees and holidaymakers who value boating, fishing and sandy riverfronts; a marina, boat ramps and river reserves support those activities. It also services the surrounding agricultural district, so its character blends holiday settlement with practical country services. Housing ranges from modest cottages and weatherboard homes to riverfront holiday houses, making Morgan a quiet gateway to the river country.

Morgan is a community of 509 people with a median age of 55. The median total household income is $745 a week, roughly $39,000 a year.

Household composition is weighted towards couples without children: couple families without children are the largest group at 54.3%. Couple families with children make up 25.6% of families, and one-parent families account for 20.2%.

In Morgan, most homes are owner-occupied, about four in five households (81.8%): 54.2% are owned outright and 27.6% are owned with a mortgage, while 18.2% of homes are rented.

Question 2

Is it expensive to live in Morgan?

Accepted Answer

Morgan's typical household earned $745 a week at the last Census, but there haven't been enough recent property sales or rentals in the suburb to publish reliable current house or unit prices and rents. Without those figures, it's not possible to describe how expensive it is to live in Morgan compared with local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Morgan a good place to invest?

Accepted Answer

A 15.5% rise in house values over the past year is the most notable movement for Morgan. That is a strong increase in what a house here is worth, so for someone focused on capital growth this is the figure that matters. Whether that fits your investment goals, timeframe and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	15.5%	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	86	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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