Suburb Profile Report for Morphettville SA (5043)

Morphettville House: Median price $551,500, Annual capital growth 3.36%, Number of sales 43, Weekly median advertised rent $405

Morphettville Unit: Median price $456,000, Annual capital growth 5.93%, Number of sales 56, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$551,500 $456,000
8.14% 14.43%
12.55% 45.92%
3.36% 5.93%
$405 $330
43 56
3.82% 3.76%
39.8 64.69

Source: CoreLogic

DSR Score for property investment : Above average (H), 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
    Dwelling Structure
    Census Count Percent(%)
    Rented 523 45.3
    Being purchased 314 27.2
    Fully owned 308 26.7
    Other tenure type 9 0.8
    Tenure Type
Census 2011, ABS
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