Suburb Profile Report for Morphett Vale SA (5162)

Morphett Vale House: Median price $308,000, Annual capital growth 1.62%, Number of sales 362, Weekly median advertised rent $320

Morphett Vale Unit: Median price $237,250, Annual capital growth 0.35%, 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 Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

SA has seen average median house prices change by 2.25% which means that Morphett Vale, 5162 has done well for property investors by showing a capital gain of 3.33% over the last year

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 increased when compared to the 5 year average annual rate.

Vendor discounting in Morphett Vale is giving property investors an average Vendor Discount of around -6.54%. This puts suburb at number 117th in SA when ranking the most discounted suburbs.

Residents and property investors in Morphett Vale have been waiting around 62.4597 days to sell a property.

With the median price for a house in Morphett Vale being $308000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.37%

Property investors who have had real estate in Morphett Vale, 5162 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.51%

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 increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Morphett Vale should be aiming for at least -5.96% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Morphett Vale the average time real estate has been on the market is 82.4186 days.

With the median price for a house in Morphett Vale being $237250 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 6.12%

YIP MAG Information supplied by:

YIP MAG
May 2015

M
O

W
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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.

Metrics i HOUSE UNIT
$308,000 $237,250
1.64% -1.68%
3.33% -3.51%
1.62% 0.35%
$320 $275
362 55
5.37% 6.12%
62.459732 82.4186

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

DSR Score for property investment : Good (H), Good (U)
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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
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