Suburb Profile Report for Morley WA (6062)

Morley House: Median price $507,750, Annual capital growth 1.79%, Number of sales 329, Weekly median advertised rent $360

Morley Unit: Median price $343,000, Annual capital growth 1.49%, Number of sales 33, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Morley, 6062 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.20%

Morley,6062 has offered an average of -4.20% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Morley 6062 should be seeing an average reduction in asking price of around -7.80% . This means that Morley is holding prices well when compared to other suburbs in WA.

Investment property in Morley has done 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 -14.41%

Comparing Morley,6062 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Morley is offering property investors an average of -8.71. This rate of discount on properties puts Suburb at number 18th in terms of most discounted suburbs in WA

YIP MAG Information supplied by:

YIP MAG
January 2016

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In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.Full summary

In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.

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%.

Close
Metrics i HOUSE UNIT
$507,750 $343,000
-1.41% -8.53%
-4.20% -14.41%
1.79% 1.49%
$360 $335
329 33
3.69% 5.08%
85.8 122.12

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Morley WA
Demographics
Total population 20301
Median household income ($/weekly) 1230
Median age of persons 38
Median housing loan repayment ($/monthly) 1890
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2178 10.7
    25-34 years 2962 14.6
    35-44 years 2808 13.8
    45-54 years 2650 13.1
    55-64 years 2447 12.1
    Others 7255 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 7778 49.8
    Not Married 6528 41.8
    Defacto Relationship 1298 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 11049 57.0
    Indonesia 680 3.5
    United Kingdom 1323 6.8
    Viet Nam 765 3.9
    Other 1469 7.6
    Others 4084 21.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 1054 5.6
    Christianity 12480 66.3
    Hinduism 293 1.6
    Islam 715 3.8
    No Religion 3961 21.0
    Others 327 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 757 11.2
    $600-$799 629 9.3
    $800-$999 629 9.3
    $1,500-$1,999 903 13.3
    $2,000-$2,499 648 9.6
    Others 3203 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6318 39.4
    Not in the labour force 5612 35.0
    Employed, worked part-time 2989 18.6
    Employed, away from work 617 3.8
    Unemployed, looking for work 499 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1591 16.0
    Technicians & trades workers 1810 18.2
    Community & personal service workers 981 9.9
    Clerical & administrative workers 1701 17.1
    Labourers 1034 10.4
    Others 2807 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 275 6.6
    Infants/Primary 1385 33.0
    Secondary 1051 25.0
    Technical or Further Educational Institution 515 12.3
    University or other Tertiary Institutions 827 19.7
    Others 144 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16478 85.4
    Semi-detached, row or terrace house, townhouse 2356 12.2
    Flat, unit or apartment 463 2.4
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2891 38.7
    Being purchased 2516 33.7
    Rented 2018 27.0
    Other tenure type 51 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals