If you compare the increase in value of investment property in Morphett Vale, 5162 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -1.61%.
Comparing Morphett Vale,5162 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Morphett Vale, 5162 is offering SA ‘s 148th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
At number 1116 in a list of fastest selling suburbs, Morphett Vale is in the TOP 40% of suburbs in Australia with an average of days on market 65.1021 for properties listed there.
Morphett Vale, 5162’s gross rental yield is 5.63%
Morphett Vale is an average performer in SA when comparing median price capital growth over the last year. Morphett Vale gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.26%.
A -5.26% growth in median value for property investors in Morphett Vale,5162 puts this suburb at number 36th in terms of best performing suburbs in SA
Property buyers and investors in Morphett Vale 5162 should be seeing an average reduction in asking price of around -6.82% . This means that Morphett Vale is holding prices well when compared to other suburbs in SA.
Morphett Vale, 5162’s gross rental yield is 6.47%
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Morphett Vale is considered one of the best places to live in Southern Adelaide.
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.