Suburb Profile Report for Morphett Vale SA (5162)

Morphett Vale House: Median price $300,000, Annual capital growth 4.03%, Number of sales 478, Weekly median advertised rent $310

Morphett Vale Unit: Median price $232,000, Annual capital growth 3.50%, Number of sales 101, Weekly median advertised rent $265

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a an average capital gain of 3.45% for the last year, Morphett Vale, 5162 is the 2309th highest performer in Australia in this respect.

Comparing Morphett Vale,5162 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Morphett Vale is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 307th in terms of most discounted suburbs in SA

Renters in Suburb are facing rents around $3720 per annum or $310 every week.

With a capital gain of 3.11% for the last 12 months, Morphett Vale, 5162 has performed for property investments than its average annual 3.50% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Morphett Vale,5162 has racked up an average of 3.11% over the period. This ranks it number 1281th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Morphett Vale 5162 should be seeing an average reduction in asking price of around -5.60% . This means that Morphett Vale is holding prices well when compared to other suburbs in SA.

Situated 18.11km from the CBD, Morphett Vale is one of Onkaparinga localities in the postcode 5162.

YIP MAG Information supplied by:

YIP MAG
May 2015

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Morphett Vale is considered one of the best places to live in Southern AdelaideFull summary

Morphett Vale is considered one of the best places to live in Southern Adelaide.

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.

Close
HOUSE UNIT
$300,000 $232,000
0.50% 1.75%
3.45% 3.11%
4.03% 3.50%
$310 $265
478 101
5.37% 5.94%
53.61 92.8

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Morphett Vale SA
Demographics
Total population 22602
Median household income ($/weekly) 913
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2598 11.5
    25-34 years 3234 14.3
    35-44 years 2916 12.9
    45-54 years 2865 12.7
    55-64 years 3192 14.1
    Others 7797 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 7570 44.2
    Not Married 7483 43.7
    Defacto Relationship 2069 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 16758 77.7
    Greece 215 1.0
    Papua New Guinea 271 1.3
    United Kingdom 2598 12.0
    Other 496 2.3
    Others 1238 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 127 0.6
    Christianity 12200 60.6
    Islam 164 0.8
    Other Religious Groups 166 0.8
    No Religion 7389 36.7
    Others 82 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1200 14.3
    $600-$799 1124 13.4
    $800-$999 907 10.8
    $1,000-$1,249 889 10.6
    $1,500-$1,999 1044 12.5
    Others 3218 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6806 38.2
    Employed, worked full-time 6224 34.9
    Employed, worked part-time 3391 19.0
    Unemployed, looking for work 743 4.2
    Employed, away from work 648 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1912 18.6
    Community & personal service workers 1328 12.9
    Clerical & administrative workers 1615 15.7
    Sales 1180 11.5
    Labourers 1320 12.9
    Others 2909 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 268 5.9
    Infants/Primary 1896 42.0
    Secondary 1146 25.4
    Technical or Further Educational Institution 527 11.7
    University or other Tertiary Institutions 520 11.5
    Others 158 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19425 90.7
    Flat, unit or apartment 1194 5.6
    Semi-detached, row or terrace house, townhouse 794 3.7
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3798 42.2
    Rented 2584 28.7
    Fully owned 2518 28.0
    Other tenure type 98 1.1
    Tenure Type
Census 2011, ABS
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