Suburb Profile Report for Morphett Vale SA (5162)

Morphett Vale House: Median price $310,000, Annual capital growth 1.62%, Number of sales 386, Weekly median advertised rent $320

Morphett Vale Unit: Median price $235,000, Annual capital growth 0.42%, Number of sales 55, Weekly median advertised rent $275

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 2618th in the list of Australian suburbs ordered by increase in median house value over the last year, Morphett Vale, 5162 is in the BOTTOM 40% with a property value increase of -0.97% recorded in median house prices.

Morphett Vale,5162 was ranked 1190 in Australia by increase in median property value over the quarter.

At number 144th of SA’s most discounted properties, Morphett Vale is in the middle of the state/territory when listing in order of most discounted to least.

Morphett Vale, 5162’s gross rental yield is 5.46%

Property value increases in Morphett Vale have tracked close to the SA average of -0.80% over the last 12 months.

Comparing Morphett Vale,5162 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Morphett Vale5162 is located in SA which offers an average discount of -6.48% to property investors. Morphett Vale itself is showing figures that indicate -6.31% is the average achievable by property buyers investing in the suburb.

At number 1073 in a list of fastest selling suburbs, Morphett Vale is in the bottom 30% of suburbs in Australia with an average of days on market 90.77 for properties listed there.

YIP MAG Information supplied by:

YIP MAG
May 2015

M
O

W
E

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.

Metrics i HOUSE UNIT
$310,000 $235,000
1.64% -2.69%
2.99% -2.49%
1.62% 0.42%
$320 $275
386 55
5.37% 6.09%
59.964516 88

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Morphett Vale SA
Demographics
Total population 22602
Median household income ($/weekly) 913
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2598 11.5
    25-34 years 3234 14.3
    35-44 years 2916 12.9
    45-54 years 2865 12.7
    55-64 years 3192 14.1
    Others 7797 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 7570 44.2
    Not Married 7483 43.7
    Defacto Relationship 2069 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 16758 77.7
    Greece 215 1.0
    Papua New Guinea 271 1.3
    United Kingdom 2598 12.0
    Other 496 2.3
    Others 1238 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 127 0.6
    Christianity 12200 60.6
    Islam 164 0.8
    Other Religious Groups 166 0.8
    No Religion 7389 36.7
    Others 82 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1200 14.3
    $600-$799 1124 13.4
    $800-$999 907 10.8
    $1,000-$1,249 889 10.6
    $1,500-$1,999 1044 12.5
    Others 3218 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6806 38.2
    Employed, worked full-time 6224 34.9
    Employed, worked part-time 3391 19.0
    Unemployed, looking for work 743 4.2
    Employed, away from work 648 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 1912 18.6
    Community & personal service workers 1328 12.9
    Clerical & administrative workers 1615 15.7
    Sales 1180 11.5
    Labourers 1320 12.9
    Others 2909 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 268 5.9
    Infants/Primary 1896 42.0
    Secondary 1146 25.4
    Technical or Further Educational Institution 527 11.7
    University or other Tertiary Institutions 520 11.5
    Others 158 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19425 90.7
    Flat, unit or apartment 1194 5.6
    Semi-detached, row or terrace house, townhouse 794 3.7
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3798 42.2
    Rented 2584 28.7
    Fully owned 2518 28.0
    Other tenure type 98 1.1
    Tenure Type
Census 2011, ABS
Chart Table