Meadows vs Morphettville

The median house price is $1M in Meadows and $1.0M in Morphettville, so Meadows is the cheaper entry point, with Morphettville houses about 3% dearer.

For units, Meadows sits at a median of $325K against $615K in Morphettville, which makes Meadows the more affordable unit market and Morphettville the pricier one.

On cash flow, Meadows leads: houses there return a gross rental yield of 3.66%, compared with 3.56% in Morphettville, a gap of 0.10 percentage points.

Over the past year house prices moved +13.8% in Meadows and +11.2% in Morphettville, so recent momentum favours Meadows, although both suburbs recorded growth.

Looking back three years, Meadows houses are +43.0% and Morphettville houses +44.0%, so Morphettville has compounded faster than Meadows over the longer window.

Rental vacancy is 1.0% in Morphettville and 1.1% in Meadows, so landlords in Morphettville face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Morphettville is the bigger suburb, with a population of 3,686 against 1,717, roughly 2.1 times the size of Meadows; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Meadows for rental income, Meadows for a lower purchase price, Meadows for recent price momentum, Morphettville for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.