Morphettville is a smaller suburb in South Australia within the Marion local government area (postcode 5043). With a population of 3,686, the suburb has an established demographic with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Morphettville is $1.1 million, having surged 18.9% over the past year. Units have a median price of $707,000 (+11.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,667.
Morphettville is served by 1 school, including 1 combined. The average ICSEA score is 1176, which is well above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Marion LGA is moderate at 5,128 incidents per 100,000 population.
From an investment perspective, Morphettville offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 14.6x is considered stretched. House prices have moved +18.9% year-on-year.
Morphettville is a smaller suburb in South Australia within the Marion local government area (postcode 5043). With a population of 3,686, the suburb has an established demographic with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Morphettville is $1.1 million, having surged 18.9% over the past year. Units have a median price of $707,000 (+11.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,667.
Morphettville is served by 1 school, including 1 combined. The average ICSEA score is 1176, which is well above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Marion LGA is moderate at 5,128 incidents per 100,000 population.
From an investment perspective, Morphettville offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 14.6x is considered stretched. House prices have moved +18.9% year-on-year.