At number 1528th 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 1.67% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Morphett Vale comes in at number 287th in SA.
The most recent median price for Morphett Vale is $305000, with sellers offering an average of -6.79% off the asking price.
The SA suburb of Morphett Vale, 5162 is in the Onkaparinga (C) local government area.
Morphett Vale is an average performer in SA when comparing median price capital growth over the last year. Morphett Vale gave property investors a average capital gain figure when compared to the rest of the state, with -0.42%.
Taking the average capital gain, or increase in median house value, Morphett Vale,5162 has racked up an average of -0.42% over the period. This ranks it number 695th in the whole country for real estate investors looking at median house price increases.
At number 29th 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 is 13th on a list of best yielding suburbs for rents in SA with a 6.05% return
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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.