Alfredton vs Morphett Vale: Property Investment Comparison 2026
Side-by-side investment comparison to help you decide which suburb suits your investment goals.
Alfredton
lowVIC 3352
Morphett Vale
lowSA 5162
Overview
This guide compares Alfredton (VIC, 3352) and Morphett Vale (SA, 5162) as property investment options.
| Feature | Alfredton | Morphett Vale |
|---|---|---|
| State | VIC | SA |
| Region | Regional Minor | Metro Outer |
| Risk Level | Low | Low |
| Hybrid Score | 5.0/10 | 7.0/10 |
Price Comparison
| Price Metric | Alfredton | Morphett Vale |
|---|---|---|
| Median House | $605,000 | $550,000 |
| Median Unit | $390,000 | $350,000 |
| Median Townhouse | N/A | $440,000 |
Morphett Vale offers a lower entry price, approximately $55,000 (9%) cheaper at the median level.
Rental Yield Comparison
| Yield Metric | Alfredton | Morphett Vale |
|---|---|---|
| Gross Yield | 4.29% | 6.06% |
| House Rent/wk | $499 | $641 |
| Unit Rent/wk | $320 | $571 |
| Vacancy Rate | N/A | 1.0% |
| Days on Market | N/A | 19 |
Morphett Vale offers the higher gross yield at 6.06%, a difference of 1.77 percentage points.
Growth Comparison
| Growth Metric | Alfredton | Morphett Vale |
|---|---|---|
| 5yr Growth p.a. | 6.0% | 8.9% |
| 10yr Growth p.a. | 5.1% | 6.0% |
| Growth Score | 8.0/10 | 5.0/10 |
Morphett Vale has demonstrated stronger recent growth at 8.9% p.a. over the past 5 years.
Demographics Comparison
| Demographic | Alfredton | Morphett Vale |
|---|---|---|
| Population | 18,922 | 25,000 |
| Median Age | 40 | 37 |
| Household Income | $96,616 | $72,000 |
| Unemployment | 2.8% | 5.0% |
| Owner-Occupier | N/A | 58% |
Risk Comparison
| Risk Metric | Alfredton | Morphett Vale |
|---|---|---|
| Risk Level | Low | Low |
| Price Stability | N/A | 7.0/10 |
| Volatility | N/A | 3.5 |
Alfredton risks:
Morphett Vale risks: Distance from CBD; Limited premium growth potential
Investment Verdict
Who should invest where?
Growth seekers may prefer investigating Alfredton (growth score 8.0/10, 5yr growth 6.0% p.a.). This suburb is better positioned for capital appreciation over a longer holding period.
Yield hunters may prefer investigating Morphett Vale (yield score 9.0/10, gross yield 6.06%). This suburb provides stronger rental returns and better cashflow potential.
Balanced investors seeking both growth and income may prefer Morphett Vale (hybrid score 7.0/10), which offers the best overall combination of metrics.
This information is general in nature and does not constitute personal financial advice. Investment decisions should be based on your individual circumstances. Consider seeking professional advice before making any property investment.
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