Suburb Profile Report for Morphett Vale SA (5162)

Morphett Vale House: Median price $300,000, Annual capital growth 4.01%, Number of sales 478, Weekly median advertised rent $310

Morphett Vale Unit: Median price $232,500, Annual capital growth 3.48%, Number of sales 104, Weekly median advertised rent $265

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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

YIP MAG Information supplied by:

YIP MAG
May 2015

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Morphett Vale is considered one of the best places to live in Southern AdelaideFull summary

Morphett Vale is considered one of the best places to live in Southern Adelaide.

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.

Close
HOUSE UNIT
$300,000 $232,500
0.33% 1.09%
1.78% 3.33%
4.01% 3.48%
$310 $265
478 104
5.37% 5.93%
54.05 86.85

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Morphett Vale SA
Demographics
Total population 22602
Median household income ($/weekly) 913
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2598 11.5
    25-34 years 3234 14.3
    35-44 years 2916 12.9
    45-54 years 2865 12.7
    55-64 years 3192 14.1
    Others 7797 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 7570 44.2
    Not Married 7483 43.7
    Defacto Relationship 2069 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 16758 77.7
    Greece 215 1.0
    Papua New Guinea 271 1.3
    United Kingdom 2598 12.0
    Other 496 2.3
    Others 1238 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 127 0.6
    Christianity 12200 60.6
    Islam 164 0.8
    Other Religious Groups 166 0.8
    No Religion 7389 36.7
    Others 82 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1200 14.3
    $600-$799 1124 13.4
    $800-$999 907 10.8
    $1,000-$1,249 889 10.6
    $1,500-$1,999 1044 12.5
    Others 3218 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6806 38.2
    Employed, worked full-time 6224 34.9
    Employed, worked part-time 3391 19.0
    Unemployed, looking for work 743 4.2
    Employed, away from work 648 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1912 18.6
    Community & personal service workers 1328 12.9
    Clerical & administrative workers 1615 15.7
    Sales 1180 11.5
    Labourers 1320 12.9
    Others 2909 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 268 5.9
    Infants/Primary 1896 42.0
    Secondary 1146 25.4
    Technical or Further Educational Institution 527 11.7
    University or other Tertiary Institutions 520 11.5
    Others 158 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19425 90.7
    Flat, unit or apartment 1194 5.6
    Semi-detached, row or terrace house, townhouse 794 3.7
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3798 42.2
    Rented 2584 28.7
    Fully owned 2518 28.0
    Other tenure type 98 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals