Morley, 6062 ranked 208th in WA when comparing growth in median property values or capital gain over the last 12 months. Morley is one of 1662 in our list for WA
Across a shorter period, Morley, 6062 has seen a median price increase of -2.16% over the last quarter.
Morley, 6062 is offering WA ‘s 188th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this WA.
In the last year 334 properties changed hands in Morley, which puts it as the 3rd most active market in WA when comparing the number of sales per suburb.
WA has seen average median house prices change by -4.19% which means that Morley, 6062 has not done well for property investors by showing a capital gain of -15.38% over the last year
While Morley,6062 ranked number 91th in WA for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.73% offered to property buyers. Sellers in Morley itself are offering an average vendor discount of -9.34% to real estate investors.
Residents and property investors in Morley have been waiting around 148 days to sell a property.
The WA suburb of Morley, 6062 is in the Bayswater local government area.
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%.