Over the last year, property investments in Morphett Vale, 5162 have given investors a capital gain of 0.49%. This compares badly with the 2.70% for SA as a whole.
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 buyers and investors in Morphett Vale 5162 should be seeing an average reduction in asking price of around -3.87% . This means that Morphett Vale is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 26.33 sales per month, which equates to 316 per year.
Situated 22.58km from the CBD, Morphett Vale is one of Onkaparinga (C) localities in the postcode 5162.
Giving property investors a an unimpressive capital gain of -1.08% for the last year, Morphett Vale, 5162 is the 1024th highest performer in Australia in this respect.
Comparing Morphett Vale,5162 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Our latest figures would indicate that property sellers in Morphett Vale are currently offering property investors an average price cut of -3.34% below the asking price at the moment.
Residents and property investors in Morphett Vale have been waiting around 84.6923 days to sell a property.
Property investors should expect to get $280 weekly from the median priced house in this suburb.
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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.