At number 1503th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphett Vale, 5162 is in the top 40% with a property value increase of 0.98% 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 -0.65%. This puts Suburb as 282 on a list of fastest fasting appreciating suburbs in SA
Morphett Vale, 5162 is offering SA ‘s 125th 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.
Often selling an investment property can take time, and in Morphett Vale the average time real estate has been on the market is 65.9597 days.
Morphett Vale is 63th on a list of best yielding suburbs for rents in SA with a 5.57% return
Morphett Vale, 5162 ranked 68th in SA when comparing growth in median property values or capital gain over the last 12 months. Morphett Vale is one of 853 in our list for SA
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Morphett Vale has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Morphett Vale 5162 should be seeing an average reduction in asking price of around -6.80% . This means that Morphett Vale is holding prices well when compared to other suburbs in SA.
Renters in Suburb are facing rents around $14560 per annum or $280 every week.
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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.