Morley is an average performer in WA when comparing median price capital growth over the last year. Morley gave property investors a average capital gain figure when compared to the rest of the state, with -3.23%.
Morley,6062 was ranked 1605 in Australia by increase in median property value over the quarter.
Vendor discounting in Morley is giving property investors an average Vendor Discount of around -9.36%. This puts suburb at number 104th in WA when ranking the most discounted suburbs.
Morley, 6062’s gross rental yield is 4.33%
If you compare the increase in value of investment property in Morley, 6062 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -27.50%.
A -26.48% growth in median value for property investors in Morley,6062 puts this suburb at number 72th in terms of best performing suburbs in WA
Morley, 6062 is offering WA ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this WA.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
The WA suburb of Morley, 6062 is in the Bayswater (C) local government area.
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In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.
Around 10km from Perth’s CBD, more than 350 houses in Morley have been sold over the past 12 months and the average period of 64 days that houses in Morley are on the market for is shorter than many nearby suburbs as well.
Morley is also outperforming its neighbours in terms of capital growth, with the median house price having increased by 19% over the last three years – increased buying could have something to do with people looking to get into the area before the median price rises much more above its current $560,000.
It could also be the result of people looking to take advantage of what Morley has to offer.
The suburb is dotted with parklands and is home to a number of quality schools.
There is great shopping available along Russell St and it is a short drive to Perth Airport.
Morley’s vacancy rate currently sits at 1.53%.