Morphett Vale is Adelaide's largest suburb by population and one of its most affordable, situated in the southern corridor 25 km from the CBD. Rail access, established schools and a relaxed coastal lifestyle close to Noarlunga Centre make it a first home buyer favourite. At the current $520k median house price, an 80% loan at 6.25% over 30 years is about $2,561 per month.
| Median house price | $520,000 |
|---|---|
| Median unit price | $370,000 |
| Estimated monthly repayment | $2,561 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.8% |
| Gross rental yield | 4.9% |
| Typical days on market | 21 |
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