Giving property investors a an unimpressive capital gain of -5.26% for the last year, Morley, 6062 is the 2777th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Morley comes in at number 315th in WA.
The most recent median price for Morley is $450000, with sellers offering an average of -9.15% off the asking price.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 0.98%, investors should hope to achieve an overall return of 4.28%
Morley, 6062 ranked 96th in WA when comparing growth in median property values or capital gain over the last 12 months. Morley is one of 1662 in our list for WA
Taking the average capital gain, or increase in median house value, Morley,6062 has racked up an average of -19.76% over the period. This ranks it number 1475th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Morley, 6062. Typically our figures indicate that -10.78% is being offered, which puts this WA suburb at 32th most discounted overall in Australia.
Situated 8.64km from the CBD, Morley is one of Bayswater (C) localities in the postcode 6062.
Information supplied by:
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%.