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 increase in value by 2.93%
Across a shorter period, Morphett Vale, 5162 has seen a median price increase of -0.17% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Morphett Vale is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 328th in terms of most discounted suburbs in SA
Situated 22.12km from the CBD, Morphett Vale is one of Onkaparinga localities in the postcode 5162.
Morphett Vale, 5162 ranked 106th in SA when comparing growth in median property values or capital gain over the last 12 months. Morphett Vale is one of 853 in our list for SA
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Morphett Vale has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Morphett Vale are currently offering property investors an average price cut of -5.16% below the asking price at the moment.
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.