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.
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.