Get a property report and suburb profile for any property in Morley

Morley sits in Perth’s north-eastern suburbs and centres on a large shopping precinct anchored by the Galleria, with a busy retail strip along Walter Road and Morley Drive. Streets around the centre mix older mid-century brick and weatherboard homes with more recent infill townhouses, while local parks and sporting reserves give it a lived-in feel. Good bus connections and access to major roads make commuting straightforward, and residents tend to be a mix of families, tradespeople and downsizers seeking convenience close to the city.

Morley has a population of 22,539 and a median age of 39, and about 71.2% of homes are owner-occupied. The suburb is experiencing major change with a large redevelopment of the Galleria and a METRONET master plan shaping an urban village around the new station, alongside council work on community facilities such as a proposed library. Whether Morley suits you will come down to whether that combination of shopping, transport links and established housing fits your needs.

On the figures for Morley, buying sits well above local incomes recorded at the last Census. The median house price of $990,000 is about 12.0 times a typical local household's annual income at the last Census (990,000 ÷ (1,583 × 52) ? 12.0). Renting is also stretched: a house rent of $750 a week would take about 47.4% of a typical local household's weekly income at the last Census, and a unit rent of $730 a week would take about 46.1% — both represent a large share of income. Which of these measures matters most depends on whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Morley saw strong gains in property values: median house values climbed 15.9% and median unit values rose 17.4%. Rents also moved up, with house rents increasing a solid 7.1% and unit rents rising a strong 12.3% over the year.

For someone weighing Morley up as an investment, the figures separate capital growth from rental income. Capital growth was strong for both houses and units (units a little higher), while rental income growth was strongest on the unit side. Whether that balance suits your plans depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.