Get a property report and suburb profile for any property in Morphett Vale

Morphett Vale is a large, established southern Adelaide suburb with broad residential streets, parks and sporting ovals and the nearby Onkaparinga River corridor and conservation areas. Housing ranges from mid-century weatherboard and brick homes to newer single-storey builds and townhouse infill, so the community includes long-term residents alongside younger families and downsizers. Local life centres on shopping strips, community centres, schools and active sports clubs, while regular bus services and arterial roads link the suburb to neighbouring retail and rail precincts and the coast.

The community of 24,002 people has a median age of 40 and a typical household income of $1,199 a week, roughly $62,300 a year. Household composition leans toward couples and about seven in ten homes are owner-occupied, with around 29.0% rented. Recent council upgrades to reserves and playgrounds, investment in netball facilities and the Morphett Vale Medicare Urgent Care Clinic mean recreation and basic health services are close at hand. Whether Morphett Vale suits you depends on whether that practical, amenity-focused suburb matches what you want.

Buying a house in Morphett Vale sits at about 13.2 times a typical local annual household income at the last Census, based on a median house price of $825,000 and a weekly household income of $1,199 at the last Census. Renting looks costly against those local incomes: a house rent of $595 a week would take about 49.6% of a typical local household's weekly income at the last Census, and a unit rent of $500 a week would take about 41.7%. On these figures, renting would take a large share of a typical local household's income, while buying sits well above what households earned at the last Census.

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

Morphett Vale showed a mix of capital and rental movement over the past 12 months. Median house values rose a strong 12.2% while median unit values climbed a solid 7.6%. On the income side, house rents increased a solid 8.2% and unit rents jumped a strong 11.1%.

In practical terms, house prices grew faster than the rents houses earned this year (12.2% versus 8.2%), whereas unit rents outpaced unit price growth (11.1% versus 7.6%). If capital growth is your priority the house figures are the most relevant; if rental income matters most, the unit rent movement is the key number. Whether that makes Morphett Vale a suitable investment for you 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.