Morley, 6062 ranked 342th 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
If we look at median property appreciation over just the last three months, Morley has given property investors a paper return of 1.40%. This puts Suburb as 354 on a list of fastest fasting appreciating suburbs in WA
Vendor discounting in Morley is giving property investors an average Vendor Discount of around -4.86%. This puts suburb at number 191th in WA when ranking the most discounted suburbs.
At number 1613 in a list of fastest selling suburbs, Morley is just in the top half of suburbs in Australia with an average of days on market 56.8088 for properties listed there.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
Morley, 6062 ranked 27th 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
Morley,6062 was ranked 1151 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 0.72%, investors should hope to achieve an overall return of 5.92%
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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%.