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 -4.81%
Morley,6062 has offered an average of -4.81% return per annum in house price rises to property investors over the last three years.
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 -7.64% is being offered, which puts this WA suburb at 793th most discounted overall in Australia.
Situated 8.84km from the CBD, Morley is one of Bayswater localities in the postcode 6062.
With a capital gain of -17.95% for the last 12 months, Morley, 6062 has performed for property investments than its average annual -0.10% 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 84th in WA.
Vendor discounting in Morley is giving property investors an average Vendor Discount of around -10.86%. This puts suburb at number 22th in WA when ranking the most discounted suburbs.
Residents and property investors in Morley have been waiting around 178.28 days to sell a property.
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%.