Property value increases in Morphett Vale have tracked just higher than the SA average of 10.08% over the last 12 months.
Taking the average capital gain, or increase in median house value, Morphett Vale,5162 has racked up an average of 13.60% over the period. This ranks it number 2156th in the whole country for real estate investors looking at median house price increases.
At number 123th of SA’s most discounted properties, Morphett Vale is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
With a capital gain of 13.04% for the last 12 months, Morphett Vale, 5162 has performed for property investments than its average annual 0.65% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Morphett Vale comes in at number 85th in SA.
Vendor discounting in Morphett Vale is giving property investors an average Vendor Discount of around -2.37%. This puts suburb at number 34th in SA when ranking the most discounted suburbs.
The SA suburb of Morphett Vale, 5162 is in the Onkaparinga (C) local government area.
Information supplied by:
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.