Morphettville has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 12.55% to date .
Across a shorter period, Morphettville, 5043 has seen a median price increase of 8.14% over the last quarter.
Property buyers and investors in Morphettville 5043 should be seeing an average reduction in asking price of around -4.97% . This means that Morphettville is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 3.58 sales per month, which equates to 43 per year.
A $405 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 3.36%.
Morphettville is in the TOP 10% in SA when comparing median price capital growth over the last year. Morphettville gave property investors a very good capital gain figure when compared to the rest of the state, with 45.92%.
Over the longer term, Morphettville has seen property prices show investors a 31.79% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Morphettville is giving property investors an average Vendor Discount of around -3.87%. This puts suburb at number 153th in SA when ranking the most discounted suburbs.
At number 582 in a list of fastest selling suburbs, Morphettville is just in the top half of suburbs in Australia with an average of days on market 64.69 for properties listed there.
With the median price for a house in Morphettville being $456000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 3.76%