Property value increases in Morphett Vale have tracked close to the SA average of 4.22% over the last 12 months.
Taking the average capital gain, or increase in median house value, Morphett Vale,5162 has racked up an average of 3.33% over the period. This ranks it number 2954th in the whole country for real estate investors looking at median house price increases.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.37%, without taking into account capital value appreciation, which has been averaging out at 3.13%.
At number 1262th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphett Vale, 5162 is in the BOTTOM 30% with a property value increase of -2.13% recorded in median house prices.
If we look at median property appreciation over just the last three months, Morphett Vale has given property investors a paper return of 0.00%. This puts Suburb as 106 on a list of fastest fasting appreciating suburbs in SA
Morphett Vale is 29th on a list of best yielding suburbs for rents in SA with a 6.10% return
Morphett Vale is considered one of the best places to live in Southern AdelaideFull summary
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Morphett Vale is considered one of the best places to live in Southern Adelaide.Close
As the state’s largest suburb, there is an incredibly diverse range of comforts and features on offer.
Once a rural town, this suburb now represents the best of outer city living.
The area is significantly popular with established families and couples.
The friendly community atmosphere is met with the convenience of excellent amenities.
Over 10 schools are littered across the suburb along with a range of parks and sports clubs.
The main commercial area is down Main South Road but with approximately 1,000 businesses spread throughout Morphett Vale, residents are spoiled for choice.
With a vacancy rate of just 0.76%, this suburb is gaining some serious interest.
Although it will take 25 minutes to get into the CBD, location is not an issue.
Close to the beach and National Parks, Morphett Vale offers a very attractive lifestyle.
A median unit price of $241,000 indicates a very affordable suburb.