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%