Giving property investors a a poor capital gain of -6.36% for the last year, Morley, 6062 is the 3574th highest performer in Australia in this respect.
Across a shorter period, Morley, 6062 has seen a median price increase of -0.96% over the last quarter.
Morley, 6062 is offering WA ‘s 149th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.
In the last year 338 properties changed hands in Morley, which puts it as the 4th most active market in WA when comparing the number of sales per suburb.
Property value increases in Morley have tracked just higher than the WA average of -3.64% over the last 12 months.
Comparing Morley,6062 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -10.35% is being offered, which puts this WA suburb at 36th most discounted overall in Australia.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 3.99%.
In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.Full summary
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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%.