Morley is an average performer in WA when comparing median price capital growth over the last year. Morley gave property investors a average capital gain figure when compared to the rest of the state, with -5.45%.
Taking the average capital gain, or increase in median house value, Morley,6062 has racked up an average of -5.45% over the period. This ranks it number 3233th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Morley, 6062. Typically our figures indicate that -8.08% is being offered, which puts this WA suburb at 778th most discounted overall in Australia.
Often selling an investment property can take time, and in Morley the average time real estate has been on the market is 85.42 days.
The WA suburb of Morley, 6062 is in the Bayswater local government area.
With a capital gain of -3.11% for the last 12 months, Morley, 6062 has performed for property investments than its average annual 3.31% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Morley comes in at number 22th in WA.
Our latest figures would indicate that property sellers in Morley are currently offering property investors an average price cut of -9.89% below the asking price at the moment.
In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.Full summary
Information supplied by:
In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.Close
Around 10km from Perth’s CBD, more than 350 houses in Morley have been sold over the past 12 months and the average period of 64 days that houses in Morley are on the market for is shorter than many nearby suburbs as well.
Morley is also outperforming its neighbours in terms of capital growth, with the median house price having increased by 19% over the last three years – increased buying could have something to do with people looking to get into the area before the median price rises much more above its current $560,000.
It could also be the result of people looking to take advantage of what Morley has to offer.
The suburb is dotted with parklands and is home to a number of quality schools.
There is great shopping available along Russell St and it is a short drive to Perth Airport.
Morley’s vacancy rate currently sits at 1.53%.