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.