Morley, 6062 ranked 206th 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
Comparing Morley,6062 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.26% offered to property buyers. Sellers in Morley itself are offering an average vendor discount of -8.39% to real estate investors.
Residents and property investors in Morley have been waiting around 88.01 days to sell a property.
Property value increases in Morley have tracked close to the WA average of -2.78% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Morley has increased when compared to the 5 year average annual rate.
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 -10.11% is being offered, which puts this WA suburb at 46th most discounted overall in Australia.
In the last year 37 properties changed hands in Morley, which puts it as the 46th most active market in WA when comparing the number of sales per suburb.
Morley is 58th on a list of best yielding suburbs for rents in WA with a 4.47% return
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%.