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Morley

POSTAL CODE: WA, 6062
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Property investors enjoyed capital gains of 12.99% over the last 12 months in MORLEY, translating to lower returns compared with its peers in WA.

Figures from the previous quarter show that capital gains for real estate buyers in MORLEY are low, as opposed to average gains per annum over the past five years.

The suburb posted a 57.04% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.

On average, rents on listings have reached the $720 mark, reflecting a 4.3% increase in returns based on the current median price in MORLEY.

MORLEY, 6062 ranks 281st in WA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 201st on the list of best yielding suburbs for rental properties in WA, posting a 4.3% return.

Surburb overview

Morley is a suburb in Bayswater, approximately 10 kilometres northeast of Perth's central business district. It is renowned for housing the Galleria Shopping Centre, one of Perth's most significant retail complexes. 

As of the 2016 census, Morley had a population of 21,530 residents, with a median age of 37. Households primarily consist of couples with children, and the suburb predominantly features separate houses. 

The median house price in Morley is approximately $730,000, with a median rent of $675 per week. Over the past year, the suburb has experienced a 22.6% sales growth and a 17.4% rental growth. 

Morley offers a range of amenities, including the Galleria Shopping Centre and the Coventry Village Markets. The Morley bus station within the shopping centre's car park provides residents with convenient public transportation options. 

Several educational institutions, such as Morley Primary School and Hampton Senior High School, serve the suburb, catering to the local community's academic needs. 

Morley features numerous parks and recreational facilities, including the Morley Sport and Recreation Centre, offering residents various sports and fitness activities. 

Morley combines suburban living with convenient access to shopping, education, and recreational facilities, making it a desirable suburb within the Perth metropolitan area. 

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