Morley is an average performer in WA when comparing median price capital growth over the last year. Morley gave property investors a good capital gain figure when compared to the rest of the state, with -0.66%.
Comparing Morley,6062 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
At number 118th of WA’s most discounted properties, Morley is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Morley the average time real estate has been on the market is 88.1631 days.
The WA suburb of Morley, 6062 is in the Bayswater (C) local government area.
Morley is in the bottom 40% in WA when comparing median price capital growth over the last year. Morley gave property investors a disappointing capital gain figure when compared to the rest of the state, with -10.51%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Morley has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Morley is giving property investors an average Vendor Discount of around -10.49%. This puts suburb at number 17th in WA when ranking the most discounted suburbs.
In the last year 27 properties changed hands in Morley, which puts it as the 61th most active market in WA when comparing the number of sales per suburb.
Advertised rents are around the $325 mark per week – giving a return of 6.40% based on the median price in Suburb
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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%.