SA has seen average median house prices change by 3.35% which means that Morphettville, 5043 has done well for property investors by showing a capital gain of -0.21% over the last year
If we look at median property appreciation over just the last three months, Morphettville has given property investors a paper return of -2.04%. This puts Suburb as 352 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Morphettville itself are offering an average vendor discount of -4.40% to real estate investors.
Investment property in Morphettville has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.18%
Morphettville,5043 was ranked 1184 in Australia by increase in median property value over the quarter.
Vendor discounting in Morphettville is giving property investors an average Vendor Discount of around -4.08%. This puts suburb at number 136th in SA when ranking the most discounted suburbs.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
Morphettville is 93th on a list of best yielding suburbs for rents in SA with a 4.66% return