Morphettville

POSTAL CODE: SA, 5043
HOUSE
UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 50.56% 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 $970,000

The augmented property values in the suburb are trailing above the territorial average of 10.06% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $680.

Home owners selling their properties and realtors in MORPHETTVILLE usually have to wait an average of 32.8 days days before their assets are lifted off the market.

The SA suburb ranks 181st on the list of best yielding suburbs for rental properties in SA, posting a 3.65% return.

It also places places 83rd in Australia based on median property value growth during the quarter.

Surburb overview

Morphettville is an inner-southern suburb situated approximately 9 kilometres southwest of Adelaide’s central business district (CBD). It forms part of the City of Marion and is known for its quiet residential streets, proximity to major amenities, and the presence of the iconic Morphettville Racecourse, one of South Australia’s premier horse racing venues.

With a population of around 3,000 people, Morphettville is a small yet diverse community. The suburb offers a mix of housing options, including older homes, townhouses, and modern developments, making it an appealing place for a variety of residents.

Public transportation in Morphettville is excellent, with the suburb being serviced by multiple bus routes that connect to Adelaide’s CBD and nearby suburbs. It is also located near the Glenelg tram line, with the Morphettville tram stop providing quick access to both the Adelaide CBD and Glenelg Beach. Additionally, Morphettville is well-positioned for those commuting by car, with easy access to major roads such as Marion Road and Anzac Highway.

Morphettville’s most famous landmark is the Morphettville Racecourse, the state’s main venue for thoroughbred horse racing. The racecourse hosts several key events throughout the year, including the Adelaide Cup, attracting visitors from across the region.

The suburb offers easy access to essential amenities, such as Westfield Marion, one of South Australia’s largest shopping complexes. Westfield Marion provides a wide range of stores and services, ensuring residents have everything they need within a short drive. Smaller local shopping centres in nearby suburbs such as Plympton and Ascot Park also provide additional access to necessities.

Morphettville is close to several parks, including the Sturt River Linear Park, which offers walking and cycling trails along the river. The nearby Oaklands Wetland and Reserve provide further opportunities for outdoor activities. The suburb’s proximity to the coast means that Glenelg Beach, one of Adelaide’s most popular beaches, is just a short tram ride away.

Morphettville has several schools located in the surrounding areas, including Ascot Park Primary School, Immanuel College, and Hamilton Secondary College. The suburb’s family-friendly environment makes it an appealing location for families with children.

Healthcare services are readily available in the area, with several medical centres and clinics located nearby. The Flinders Medical Centre, a major hospital, is just a short drive away, ensuring that residents have access to quality healthcare.

Morphettville’s appeal lies in its combination of suburban tranquillity, excellent transport links, and proximity to both the city and the coast. Its access to shopping centres, recreational facilities, and the iconic Morphettville Racecourse makes it a highly desirable location for a range of residents seeking a balanced and convenient lifestyle near Adelaide.

You’re out of free articles for this month
Loading form...