Suburb Profile Report for Morphettville SA (5043)

Morphettville House: Median price $505,000, Annual capital growth 2.94%, Number of sales 38, Weekly median advertised rent $400

Morphettville Unit: Median price $425,000, Annual capital growth 6.13%, Number of sales 60, Weekly median advertised rent $323

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Morphettville, 5043 have given investors a capital gain of 3.38%. This compares averagely with the 3.97% for SA as a whole.

Morphettville,5043 has offered an average of 3.38% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Morphettville should be aiming for at least -2.91% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

If you compare the increase in value of investment property in Morphettville, 5043 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 37.10%.

The five-year average increase in median property values for Morphettville,5043 has given property investors a potential capital gain of 39.34% across each of those five years.

Vendor discounting in Morphettville is giving property investors an average Vendor Discount of around -4.37%. This puts suburb at number 128th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Morphettville the average time real estate has been on the market is 69.36 days.

Advertised rents are around the $322.5 mark per week – giving a return of 3.95% based on the median price in Suburb

Metrics i HOUSE UNIT
$505,000 $425,000
1.00% 0.00%
3.38% 37.10%
2.94% 6.13%
$400 $323
38 60
4.12% 3.95%
47.43 69.36

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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
Chart Table
Recent sales & rentals