At number 2582th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphett Vale, 5162 is in the BOTTOM 40% with a property value increase of 3.33% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Morphett Vale comes in at number 298th in SA.
Morphett Vale, 5162 is offering SA ‘s 214th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
Morphett Vale, 5162’s gross rental yield is 5.28%
Giving property investors a an unimpressive capital gain of -1.08% for the last year, Morphett Vale, 5162 is the 1224th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Morphett Vale comes in at number 155th in SA.
At number 92th 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.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.
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.