Giving property investors a an average capital gain of 2.62% for the last year, Morphettville, 5043 is the 2432th highest performer in Australia in this respect.
Across a shorter period, Morphettville, 5043 has seen a median price increase of 0.62% over the last quarter.
Property buyers and investors in Morphettville 5043 should be seeing an average reduction in asking price of around -3.94% . This means that Morphettville is holding prices well when compared to other suburbs in SA.
Advertised rents are around the $380 mark per week – giving a return of 4.03% based on the median price in Suburb
Property value increases in Morphettville have tracked lower than the SA average of 3.03% over the last 12 months.
Comparing Morphettville,5043 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.44% offered to property buyers. Sellers in Morphettville itself are offering an average vendor discount of -5.13% to real estate investors.
With the median price for a house in Morphettville being $320000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.88%