Investment property in Morphett Vale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.78%
The five-year average increase in median property values for Morphett Vale,5162 has given property investors a potential capital gain of 5.26% across each of those five years.
At number 288th of SA’s most discounted properties, Morphett Vale is in the TOP 30% of the state/territory when listing in order of most discounted to least.
With a capital gain of 3.33% for the last 12 months, Morphett Vale, 5162 has performed for property investments than its average annual 3.48% property growth over the last 5 years.
Comparing Morphett Vale,5162 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
At number 96th of SA’s most discounted properties, Morphett Vale is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Morphett Vale have been waiting around 86.85 days to sell a property.
Morphett Vale is 26th on a list of best yielding suburbs for rents in SA with a 5.93% 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.