Giving property investors a an unimpressive capital gain of 0.67% for the last year, Morphett Vale, 5162 is the 2787th highest performer in Australia in this respect.
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 increased when compared to the 5 year average annual rate.
At number 248th of SA’s most discounted properties, Morphett Vale is in the TOP 40% of the state/territory when listing in order of most discounted to least.
The SA suburb of Morphett Vale, 5162 is in the Onkaparinga local government area.
Property value increases in Morphett Vale have tracked close to the SA average of 3.64% over the last 12 months.
Morphett Vale,5162 has offered an average of 2.42% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Morphett Vale is offering property investors an average of -6.26. This rate of discount on properties puts Suburb at number 84th in terms of most discounted suburbs in SA
At number 1017 in a list of fastest selling suburbs, Morphett Vale is in the bottom 40% of suburbs in Australia with an average of days on market 92.78 for properties listed there.
With the median price for a house in Morphett Vale being $232500 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 5.93%
Morphett Vale is considered one of the best places to live in Southern AdelaideFull summary
Information supplied by:
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.