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.
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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.