Government ‘pleased’ With Property Price Growth
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s...
A steady increase in median property prices over a five-year period in the suburb translates to a 8.9% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $553,500
The augmented property values in the suburb are trailing above the territorial average of 3.01% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $430.
Home owners selling their properties and realtors in MORPHETTVILLE usually have to wait an average of 83.7 days days before their assets are lifted off the market.
The SA suburb ranks 202nd on the list of best yielding suburbs for rental properties in SA, posting a 4.04% return.
It also places places 181st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.24%||5.94%|
|Median 3 years||8.9%||11.86%|
|Median 5 years||16.86%||15.69%|
|10 years average annual||2.67%||0.87%|
|Weekly media advert. rent||$430||$320|
|Time on Market||83.7 days||0.0 days|
|Gross Rental Yield Percent||4.04%||5.04%|