The numbers, in plain English
To rent in Morphett Vale without housing stress, a household income of about $86,000/year keeps the rent of $495/week at or below 30% of gross income — the standard affordability benchmark. That rent is our modelled median (no bond data published for Morphett Vale yet). Check your income →
To buy the median home ($790,000) with a 20% deposit of $158k, repayments at 6.2% over 30 years come to about $3,871/month — comfortable on roughly $155,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 8.8 years, before stamp duty of $37k. Run your own loan →
That price is the real median of 435 house sales in Morphett Vale, published by the state land authority — not an estimate.
Compared to the rest of South Australia, Morphett Vale is more expensive to buy than 87% of the state's suburbs (state median $270k) and pricier to rent than 76% (state median $349/week). It sits roughly 22 km from the Adelaide CBD as the crow flies.
For investors, the median rent against the median price gives a gross rental yield of about 3.3% before costs. Net yield calculator →
Modelled medians, not valuations — every formula above is documented on our methodology page.
Affordability by income
$60k income
Rent (495/wk)
Over budget
Budget: $346/wk
Buy ($790k)
Repayments are a stretch
$3,789/mo · deposit in ~17.6yr
$90k income
Rent (495/wk)
Affordable
Budget: $519/wk
Buy ($790k)
Repayments are a stretch
$3,789/mo · deposit in ~11.8yr
$120k income
Rent (495/wk)
Affordable
Budget: $692/wk
Buy ($790k)
Repayments are a stretch
$3,789/mo · deposit in ~8.8yr
Based on 30% gross income rule for rent; 6% p.a. / 30-year P&I loan at 20% deposit for purchase; 15% savings rate for deposit timeline.
Upfront buying costs
| Purchase price | $790k |
| 20% deposit (no LMI) | $158k |
| Stamp duty (South Australia) | $37k |
| Stamp duty (first home buyer) | Same — check eligibility |
| Conveyancing (est.) | $1,500 – $3,000 |
| Building inspection (est.) | $400 – $700 |
| Total upfront (est.) | $198k |
Who lives here & what's nearby
Real figures for Morphett Vale — measured, not modelled.
How Morphett Vale compares
- Younger than average — a median age of 41 vs 45 statewide.
Demographics from the ABS 2021 Census; distances and school counts from OpenStreetMap. Comparisons are against the median suburb in South Australia. Suburb-level price trends aren't shown because no open source publishes them reliably yet — see our data sources.
Neighbourhood at a Glance
Indicative scores based on ABS Census data modelling. Always conduct your own research.
Government schemes that may apply
First Home Guarantee (FHBG)
Buy with as little as 5% deposit, no LMI. Up to 35,000 places/year nationwide.
Learn more →First Home Owner Grant (FHOG)
South Australia offers a grant for eligible first home buyers purchasing new builds. Amounts vary.
Learn more →First Home Super Saver (FHSS)
Save up to $50k inside super (taxed at 15% instead of marginal rate), then withdraw for a deposit.
Learn more →Stamp duty concessions
Most states offer full or partial stamp duty exemptions for first home buyers. SA has its own thresholds.
Learn more →Similar suburbs in South Australia
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Rent data for Morphett Vale sourced from the ABS 2021 Census, scaled by rental CPI to current values. Calculations use 30% gross income rule, 20% deposit, 6% p.a. loan rate over 30 years. Not financial advice.