Suburb Profile Report for Morphettville SA (5043)

Morphettville House: Median price $540,000, Annual capital growth 2.85%, Number of sales 43, Weekly median advertised rent $400

Morphettville Unit: Median price $322,500, Annual capital growth 1.22%, Number of sales 12, Weekly median advertised rent $313

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Property value increases in Morphettville have tracked just lower than the SA average of 1.79% over the last 12 months.

The five-year average increase in median property values for Morphettville,5043 has given property investors a potential capital gain of 17.26% across each of those five years.

At number 1982 in a list of fastest selling suburbs, Morphettville is just in the bottom half of suburbs in Australia with an average of days on market 77.12 for properties listed there.

With the median price for a house in Morphettville being $540000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.85%

Property investors who have had real estate in Morphettville, 5043 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.50%

Across a shorter period, Morphettville, 5043 has seen a median price increase of 2.38% over the last quarter.

Metrics	HOUSE	UNIT
Median price	$540,000	$322,500
Quarterly growth	-2.37%	2.38%
12-month growth	-1.05%	7.50%
Average Annual Growth	2.85%	1.22%
Weekly median advertised rent	$400	$313
Number of sales	43	12
Gross rental yield	3.85%	5.04%
Days on market	77.12	N/A

DSR Score for property investment : Good (H), Very good (U)

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Demographics

Total population	2893
Median household income ($/weekly)	834
Median age of persons	46
Median housing loan repayment ($/monthly)	1683
Average household size	2.1

Census	Count	Percent(%)
25-34 years	388	13.4
35-44 years	317	11.0
45-54 years	376	13.0
55-64 years	357	12.3
65-74 years	282	9.7
Others	1173	40.5

Age Group

Census	Count	Percent(%)
Not Married	1121	54.4
Registered Married	728	35.4
Defacto Relationship	210	10.2

Social Marital Status

Census	Count	Percent(%)
Australia	2114	76.7
Croatia	47	1.7
Indonesia	31	1.1
United Kingdom	199	7.2
Other	118	4.3
Others	246	8.9

Country of Birth

Census	Count	Percent(%)
Buddhism	39	1.5
Christianity	1698	65.5
Islam	50	1.9
Other Religious Groups	39	1.5
No Religion	752	29.0
Others	14	0.5

Religious Affiliation

Census	Count	Percent(%)
$300-$399	161	14.8
$400-$599	139	12.8
$600-$799	132	12.2
$800-$999	116	10.7
$1,500-$1,999	111	10.2
Others	426	39.3

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	1155	48.2
Employed, worked full-time	701	29.2
Employed, worked part-time	410	17.1
Unemployed, looking for work	70	2.9
Employed, away from work	61	2.5

Person Characteristics

Census	Count	Percent(%)
Professionals	234	19.9
Technicians & trades workers	185	15.7
Community & personal service workers	141	12.0
Clerical & administrative workers	203	17.3
Labourers	127	10.8
Others	286	24.3

Occupation

Census	Count	Percent(%)
Infants/Primary	152	29.5
Secondary	133	25.8
Technical or Further Educational Institution	54	10.5
University or other Tertiary Institutions	120	23.3
Other type of educational institution	31	6.0
Others	26	5.0

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1344	54.4
Semi-detached, row or terrace house, townhouse	885	35.8
Flat, unit or apartment	243	9.8
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0