Investment property in Morphett Vale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.32%
Taking the average capital gain, or increase in median house value, Morphett Vale,5162 has racked up an average of 7.32% over the period. This ranks it number 2271th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Morphett Vale is giving property investors an average Vendor Discount of around -3.97%. This puts suburb at number 137th in SA when ranking the most discounted suburbs.
Property investors should expect to get $340 weekly from the median priced house in this suburb.
With a capital gain of 3.75% for the last 12 months, Morphett Vale, 5162 has performed for property investments than its average annual 0.13% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Morphett Vale has given property investors a paper return of 3.75%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in SA
At number 30th of SA’s most discounted properties, Morphett Vale is in the TOP 10% of the state/territory when listing in order of most discounted to least.
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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.