Over the last year, property investments in Morley, 6062 have given investors a capital gain of -3.07%. This compares averagely with the -4.17% for WA as a whole.
A 11.56% growth in median value for property investors in Morley,6062 puts this suburb at number 184th in terms of best performing suburbs in WA
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 -7.89% is being offered, which puts this WA suburb at 845th most discounted overall in Australia.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 2.18%, investors should hope to achieve an overall return of 3.75%
With a capital gain of -10.63% for the last 12 months, Morley, 6062 has performed for property investments than its average annual 2.01% property growth over the last 5 years.
The five-year average increase in median property values for Morley,6062 has given property investors a potential capital gain of 8.33% across each of those five years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.43% offered to property buyers. Sellers in Morley itself are offering an average vendor discount of -9.82% to real estate investors.
Residents and property investors in Morley have been waiting around 101.59 days to sell a property.
Morley is 43th on a list of best yielding suburbs for rents in WA with a 4.80% 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%.