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 1.69%
Comparing Morphett Vale,5162 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -5.12% to buyers in Morphett Vale at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Morphett Vale the average time real estate has been on the market is 53.64 days.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 5.46%, without taking into account capital value appreciation, which has been averaging out at 3.87%.
At number 833th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphett Vale, 5162 is in the top half with a property value increase of 3.13% recorded in median house prices.
A 0.43% growth in median value for property investors in Morphett Vale,5162 puts this suburb at number 118th in terms of best performing suburbs in SA
The most recent median price for Morphett Vale is $231000, with sellers offering an average of -5.71% off the asking price.
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.