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
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%.