Property investors who have had real estate in Morphett Vale, 5162 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 increase in value by 1.92%
When looking at the potential capital gains offered to property investors over the last 3 years, Morphett Vale comes in at number 306th in SA.
LACK OF BUYER INTEREST may well be the reason that Morphett Vale is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 238th in terms of most discounted suburbs in SA
The SA suburb of Morphett Vale, 5162 is in the Onkaparinga local government area.
Morphett Vale is an average performer in SA when comparing median price capital growth over the last year. Morphett Vale gave property investors a average capital gain figure when compared to the rest of the state, with 1.32%.
The five-year average increase in median property values for Morphett Vale,5162 has given property investors a potential capital gain of 5.00% across each of those five years.
Property investors looking for a bargain in Morphett Vale should be aiming for at least -5.97% off the asking price, which is the average vendor discount being achieved at the moment.
Morphett Vale is considered one of the best places to live in Southern AdelaideFull summary
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Morphett Vale is considered one of the best places to live in Southern Adelaide.Close
As the state’s largest suburb, there is an incredibly diverse range of comforts and features on offer.
Once a rural town, this suburb now represents the best of outer city living.
The area is significantly popular with established families and couples.
The friendly community atmosphere is met with the convenience of excellent amenities.
Over 10 schools are littered across the suburb along with a range of parks and sports clubs.
The main commercial area is down Main South Road but with approximately 1,000 businesses spread throughout Morphett Vale, residents are spoiled for choice.
With a vacancy rate of just 0.76%, this suburb is gaining some serious interest.
Although it will take 25 minutes to get into the CBD, location is not an issue.
Close to the beach and National Parks, Morphett Vale offers a very attractive lifestyle.
A median unit price of $241,000 indicates a very affordable suburb.