Morphett Vale vs Para Hills
Property investment comparison - Morphett Vale, SA 5162 vs Para Hills, SA 5096
Head-to-head across core investment metrics: Morphett Vale wins 3, Para Hills wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Morphett Vale | Para Hills |
|---|---|---|
| Median house price | $800K | $810K |
| Median unit price | $625K | - |
| Gross rental yield (houses) | 3.96% | - |
| Gross rental yield (units) | 4.15% | 5.09% |
| 1-year house growth | +14.3% | +13.9% |
| 3-year house growth | +47.0% | +46.4% |
| Vacancy rate | 0.8% | 0.8% |
| Population | 24,002 | 6,793 |
Morphett Vale vs Para Hills: what the numbers say
The median house price is $800K in Morphett Vale and $810K in Para Hills, so Morphett Vale is the cheaper entry point, with Para Hills houses about 1% dearer.
Over the past year house prices moved +14.3% in Morphett Vale and +13.9% in Para Hills, so recent momentum favours Morphett Vale, although both suburbs recorded growth.
Looking back three years, Morphett Vale houses are +47.0% and Para Hills houses +46.4%, so Morphett Vale has compounded faster than Para Hills over the longer window.
Rental vacancy is the same in both, at 0.8%.
Morphett Vale is the bigger suburb, with a population of 24,002 against 6,793, roughly 3.5 times the size of Para Hills; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Morphett Vale for a lower purchase price, Morphett Vale for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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