Over the last year, property investments in Morley, 6062 have given investors a capital gain of -3.88%. This compares averagely with the -2.32% for WA as a whole.
While Morley,6062 ranked number 223th in WA for increase in median house value (annualised) increase, it is ranked 183th over the last 5 years.
Property buyers and investors in Morley 6062 should be seeing an average reduction in asking price of around -3.10% . This means that Morley is holding prices well when compared to other suburbs in WA.
Situated 8.84km from the CBD, Morley is one of Bayswater localities in the postcode 6062.
Giving property investors a a poor capital gain of -12.18% for the last year, Morley, 6062 is the 1598th highest performer in Australia in this respect.
While Morley,6062 ranked number 14th in WA for increase in median house value (annualised) increase, it is ranked 39th over the last 5 years.
The WA suburb of Morley, 6062 is in the Bayswater local government area.
In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.Full summary
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In Perth’s north-east, Morley is seeing more activity than many of its neighbouring suburbs.Close
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%.