Morphettville is an average performer in SA when comparing median price capital growth over the last year. Morphettville gave property investors a average capital gain figure when compared to the rest of the state, with -0.42%.
Over the longer term, Morphettville has seen property prices show investors a 12.68% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Morphettville should be aiming for at least -9.18% off the asking price, which is the average vendor discount being achieved at the moment.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.06%, without taking into account capital value appreciation, which has been averaging out at 4.30%.
At number 254th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphettville, 5043 is in the top 20% with a property value increase of 8.62% recorded in median house prices.
A 6.78% growth in median value for property investors in Morphettville,5043 puts this suburb at number 11th in terms of best performing suburbs in SA
Morphettville, 5043’s gross rental yield is 5.20%