Morwell

POSTAL CODE: VIC, 3840

HOUSE

UNIT

Property investors enjoyed capital gains of 11.04% over the last 12 months in MORWELL, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 9.89% growth over a ten-year period. It ranks 44th on our list of suburbs that property investors should look into.

MORWELL, 3840 has a capital gain of 11.04% for the past year, which is lower than average compared to its 83.59% growth within a five-year period.

With the median home price in MORWELL sitting at $372,000, and the average rent at $420, property owners could potentially earn a 5.87% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MORWELL are low, as opposed to average gains per annum over the past five years.

MORWELL, 3840 in VIC belongs to the local government area of Latrobe (Vic.).

Based on its average 5-year and quarterly capital gains MORWELL, 3840 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.13% growth over a ten-year period. It ranks 471st on our list of suburbs that property investors should look into.

MORWELL, 3840 in VIC belongs to the local government area of Latrobe (Vic.).

MORWELL, 3840 has a capital gain of 28% for the past year, which is higher than average compared to its 89.35% growth within a five-year period.

With the median home price in MORWELL sitting at $320,000, and the average rent at $320, property owners could potentially earn a 5.2% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MORWELL are low, as opposed to average gains per annum over the past five years.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$372,000	$320,000
Growth Report
Median Quarterly	3.33%	8.47%
Median 12 month	11.04%	28%
Median 3 years	14.46%	10.34%
Median 5 years	83.59%	89.35%
10 years average annual	9.89%	7.13%
Weekly media advert. rent	$420	$320
Time on Market	89.1 days	77.7 days
Gross Rental Yield Percent	5.87%	5.2%

Demographics (Median Values)*

Total Population 16476

Weekly Household Income 906

Household Size 2.20

Average Age 43

Monthly Loan Repayment 1066

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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