If you compare the increase in value of investment property in Morphett Vale, 5162 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 1.34%.
Comparing Morphett Vale,5162 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Morphett Vale5162 is located in SA which offers an average discount of -6.50% to property investors. Morphett Vale itself is showing figures that indicate -5.74% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Morphett Vale have been waiting around 56.73 days to sell a property.
With the median price for a house in Morphett Vale being $303000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.32%
At number 808th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphett Vale, 5162 is in the top half with a property value increase of 3.56% recorded in median house prices.
A 3.46% growth in median value for property investors in Morphett Vale,5162 puts this suburb at number 85th in terms of best performing suburbs 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 Morphett Vale, 5162. Typically our figures indicate that -6.41% is being offered, which puts this SA suburb at 387th most discounted overall in Australia.
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.