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 1.34%
The five-year average increase in median property values for Morphettville,5043 has given property investors a potential capital gain of 17.22% across each of those five years.
The most recent median price for Morphettville is $490000, with sellers offering an average of -3.28% off the asking price.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 2.68%, investors should hope to achieve an overall return of 4.19%
Property investors who have had real estate in Morphettville, 5043 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.55%
When looking at the potential capital gains offered to property investors over the last 3 years, Morphettville comes in at number 156th in SA.
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 -5.76% is being offered, which puts this SA suburb at 526th most discounted overall in Australia.