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Morley, WA 6062

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Morley, WA 6062 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Morley, WA 6062”

  1. The total adult population (15 years or older) of Morley 6062 WA is 18,909, with a median age of 39. Of those, 45.81% are married, 12.55% are divorced or separated, 36.08% are single and 5.56% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,600. The median monthly mortgage repayment for households in this suburb is $1,733 which is 22.80% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban area of Morley, with a postcode of 6062, is nestled within the bounds of Western Australia. It is estimated to contain around 10,863 households. As we venture into the third quarter of 2023, the prevailing prices for houses in Morley are seemingly competitive at $617,836. The median weekly rent stands at $492 reflecting an attractive indicative yield of 4.14%.

    Taking a closer look at the socio-economic milieu in Morley, it possesses an IRSAD score of 980 from a possible 1217. This score places Morley into a positive light as it suggests a healthy socio-economic status resonating with investors and homebuyers alike.

    Delving into the intricacies of the local property market, Morley boasts a renter to owner ratio of 28%, this implies that the market is not oversaturated with rental properties and results in less competition for property investors. Reflecting on the unit to house ratio at only 4%, it appears Morley retains a suburb charm with a dominant landscape of houses attracting longer tenancy periods and a potentially more stable rental income.

    However, the affordability index stands at 32 years, teetering on the brink of decreased affordability but not alarmingly so for the Western Australian market.

    Considering the supply metrics, the stock on market Percentage for houses in Morley is a comfortable at 0.5%, whilst inventory level averages 1.58 months, and the building approvals ratio stands at 0.64%. All these figures lean towards a favourable supply environment for property investors.

    With respect to demand metrics, houses in Morley spend an average of 62 days on the market. Even though this duration may seem standard in the current market climate, it indicates that demand conditions are easing but not drastically so. Moreover, the vacancy rate is remarkably low at 0.53% combined for both houses and units. This mirrors a high demand for rental properties. Despite the buy search index for houses being at 3, suggesting moderate demand, the overall market conditions in Morley present appealing prospects for potential property investors and buyers alike.

    Remember, informed data and understanding market trends are essential in making optimal real estate investment decisions. Therefore, staying up-to-date with changes in the property market using comprehensive metrics like RCS (Relative Composite Score) by HtAG Analytics, is the key to predicting and understanding the potential challenges and rewards within the Australian property market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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