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 -6.73%
A 10.64% growth in median value for property investors in Morley,6062 puts this suburb at number 248th in terms of best performing suburbs in WA
At number 155th of WA’s most discounted properties, Morley is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property value increases in Morley have tracked close to the WA average of -3.39% over the last 12 months.
Vendor discounting in Morley is giving property investors an average Vendor Discount of around -9.06%. This puts suburb at number 21th in WA when ranking the most discounted suburbs.
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%.