Suburb Profile

Suburb profile for,

Morphett Vale, SA

Located in the dynamic state of SA (postcode 5162), MORPHETT VALE is a vibrant real estate market. This suburb holds a median house price of $518,000 and has demonstrated an average buying growth of Up 24.8%. Last month, 61 houses were available, with 423 transactions completed in the past year. Properties spend around 41 days on the market, reflecting the area's demand with 3200 interested buyers. The average rental yield stands at 4.7%, with a weekly median rent of $340 per week and an average rent growth of Up 15.4%. Rental properties usually stay on the market for 15 days. The population in 2016 was 23146, which changed by +2.40% in the past five years. The median weekly household income is $1,013, reflecting an income change of +9.87% over the past five years. Residents have a median age of 40 years, and the suburb has an average annual growth for houses of +10.34%. To fully take advantage of MORPHETT VALE's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in MORPHETT VALE, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Morphett Vale, SA

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
SA
Suburb
MORPHETT VALE
Postcode
5162
Median price for all dwellings
$518,000
Last 12 months growth return
Up 24.8%
Avg. dwellings for sale in the suburb every month
61
Avg. dwellings sold in the suburb in previous 12 months
423
Avg days on market for a dwelling listing to sell
41 days
Avg. number of people searching in this suburb every month
3200
Avg. rental yield per annum
4.70%
Weekly median rent for all dwellings
$340 per week
Median price for all houses
$518,000
Avg. rental yield growth in the previous 12 months
4.70%
Avg. days for a rental listing to find a tennant
15 days
Total suburb population in 2016
23146
Total suburb population change in 5 years up to 2016
2.40%
Avg. household income per week
$1,013
Median age of the population in the suburb
40
Historic avg annual growth return per annum in the suburb
10.34%

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