Over the last year, property investments in Morphett Vale, 5162 have given investors a capital gain of 1.01%. This compares averagely with the 3.04% for SA as a whole.
Across a shorter period, Morphett Vale, 5162 has seen a median price increase of 0.00% over the last quarter.
Morphett Vale, 5162 is offering SA ‘s 237th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this SA.
Morphett Vale is 66th on a list of best yielding suburbs for rents in SA with a 5.37% return
SA has seen average median house prices change by 3.81% which means that Morphett Vale, 5162 has done well for property investors by showing a capital gain of 2.42% over the last year
Over the longer term, Morphett Vale has seen property prices show investors a 1.75% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Morphett Vale 5162 should be seeing an average reduction in asking price of around -6.00% . This means that Morphett Vale is holding prices well when compared to other suburbs in SA.
Often selling an investment property can take time, and in Morphett Vale the average time real estate has been on the market is 91.31 days.
Morphett Vale is 25th on a list of best yielding suburbs for rents in SA with a 6.04% return
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.