Morphett Vale is a large suburb in South Australia within the Onkaparinga local government area (postcode 5162). With a population of 24,002, the suburb has an established demographic with a median age of 40. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Morphett Vale is $793,000, having surged 16.5% over the past year. Units have a median price of $463,000 (+14.9% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,300.
Morphett Vale is served by 12 schools, including 8 primary, 1 secondary, 3 combined. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 132 bus stops. The crime rate in the Onkaparinga LGA is moderate at 6,199 incidents per 100,000 population.
From an investment perspective, Morphett Vale offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($793K/$950K). The price-to-income ratio of 12.7x is considered stretched. House prices have moved +16.5% year-on-year.
Morphett Vale is a large suburb in South Australia within the Onkaparinga local government area (postcode 5162). With a population of 24,002, the suburb has an established demographic with a median age of 40. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are community & personal service, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Morphett Vale is $793,000, having surged 16.5% over the past year. Units have a median price of $463,000 (+14.9% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,300.
Morphett Vale is served by 12 schools, including 8 primary, 1 secondary, 3 combined. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 132 bus stops. The crime rate in the Onkaparinga LGA is moderate at 6,199 incidents per 100,000 population.
From an investment perspective, Morphett Vale offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($793K/$950K). The price-to-income ratio of 12.7x is considered stretched. House prices have moved +16.5% year-on-year.