This property is Off Market
With an average age of 38, households expect an average monthly mortgage payment of $1,264 or a weekly rent payment of $300. The average family earns a weekly income of $1,203 with a typical household size of 2.4 and a 91.23% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Morphett Vale is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Morphett Vale provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Morphett Vale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 4%)
Morphett Vale - West a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
23 / 100
44 / 100
Industry
27 / 100
34 / 100
Population
21 / 100
37 / 100
House Prices
57 / 100
62 / 100
Jobs
20 / 100
33 / 100
Incidents Trend State Average
Coorara Primary School
Morphett Vale, SA, 5162 State U, R-7
Hackham East Primary School
Hackham, SA, 5163 State U, R-7
Calvary Lutheran Primary School
Morphett Vale, SA, 5162 Independent R-7
Morphett Vale East School R-7
Morphett Vale, SA, 5162 State U, R-7
Wirreanda Secondary School
Morphett Vale, SA, 5162 State U, 7-12
Hackham West R-7 School
Hackham West, SA, 5163 State R-7
Flaxmill School P-7
Morphett Vale, SA, 5162 State R-7
Lonsdale Heights Primary School
Christie Downs, SA, 5164 State U, R-7
Antonio Catholic School
Morphett Vale, SA, 5162 Independent R-6
Pimpala Primary School
Morphett Vale, SA, 5162 State R-7
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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