Suburb Profile Report for Morphettville SA (5043)

Morphettville House: Median price $495,000, Annual capital growth 4.96%, Number of sales 41, Weekly median advertised rent $380

Morphettville Unit: Median price $330,000, Annual capital growth 5.22%, Number of sales 37, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Morphettville, 5043 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 4.51%.

Over the longer term, Morphettville has seen property prices show investors a 11.83% return over the last 3 years. This is worse than over the last 12 months

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.56% offered to property buyers. Sellers in Morphettville itself are offering an average vendor discount of -3.94% to real estate investors.

Residents and property investors in Morphettville have been waiting around 113.24 days to sell a property.

The SA suburb of Morphettville, 5043 is in the Marion local government area.

At number 1409th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphettville, 5043 is in the BOTTOM 20% with a property value increase of -4.97% recorded in median house prices.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Morphettville, 5043. Typically our figures indicate that -4.99% is being offered, which puts this SA suburb at 783th most discounted overall in Australia.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.22%, investors should hope to achieve an overall return of 4.73%

HOUSE UNIT
$495,000 $330,000
-1.00% N/A
4.51% -4.97%
4.96% 5.22%
$380 $300
41 37
3.99% 4.73%
113.24 81.58

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2893
Median household income ($/weekly) 834
Median age of persons 46
Median housing loan repayment ($/monthly) 1683
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 388 13.4
    35-44 years 317 11.0
    45-54 years 376 13.0
    55-64 years 357 12.3
    65-74 years 282 9.7
    Others 1173 40.5
    Age Group
    Census Count Percent(%)
    Not Married 1121 54.4
    Registered Married 728 35.4
    Defacto Relationship 210 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2114 76.7
    Croatia 47 1.7
    Indonesia 31 1.1
    United Kingdom 199 7.2
    Other 118 4.3
    Others 246 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 1.5
    Christianity 1698 65.5
    Islam 50 1.9
    Other Religious Groups 39 1.5
    No Religion 752 29.0
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 161 14.8
    $400-$599 139 12.8
    $600-$799 132 12.2
    $800-$999 116 10.7
    $1,500-$1,999 111 10.2
    Others 426 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1155 48.2
    Employed, worked full-time 701 29.2
    Employed, worked part-time 410 17.1
    Unemployed, looking for work 70 2.9
    Employed, away from work 61 2.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 234 19.9
    Technicians & trades workers 185 15.7
    Community & personal service workers 141 12.0
    Clerical & administrative workers 203 17.3
    Labourers 127 10.8
    Others 286 24.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 152 29.5
    Secondary 133 25.8
    Technical or Further Educational Institution 54 10.5
    University or other Tertiary Institutions 120 23.3
    Other type of educational institution 31 6.0
    Others 26 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1344 54.4
    Semi-detached, row or terrace house, townhouse 885 35.8
    Flat, unit or apartment 243 9.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 523 45.3
    Being purchased 314 27.2
    Fully owned 308 26.7
    Other tenure type 9 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals