With a capital gain of 1.84% for the last 12 months, Morphett Vale, 5162 has performed for property investments than its average annual 3.55% property growth over the last 5 years.
Over the longer term, Morphett Vale has seen property prices show investors a 7.02% return over the last 3 years. This is worse than over the last 12 months
Morphett Vale, 5162 is offering SA ‘s 193th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
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 unmoved in value by 0.00%
If we look at median property appreciation over just the last three months, Morphett Vale has given property investors a paper return of -1.29%. This puts Suburb as 126 on a list of fastest fasting appreciating suburbs in SA
Morphett Vale, 5162 is offering SA ‘s 94th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
On average over the past year, suburb has had 8.50 sales per month, which equates to 102 per year.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.
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.