AREA REPORTS

Morwell

Suburb Profile

Morwell - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3840

house
unit

Property investors enjoyed capital gains of 2.75% 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 2.75% growth over a ten-year period. It ranks 2552nd on our list of suburbs that property investors should look into.

MORWELL, 3840 has a capital gain of 2.75% for the past year, which is higher than average compared to its 9.09% growth within a five-year period.

With the median home price in MORWELL sitting at $168,000, and the average rent at $220, property owners could potentially earn a 6.81% 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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $168,000 $162,000
GROWTH REPORT
Median Quarterly -0.88% 2.05%
Median 12 month 2.75% 2.86%
Median 3 years 15.86% 1.25%
Median 5 years 9.09% 4.52%
10 years average annual 2.75% 1.83%
Weekly media advert. rent $220 $180
Time on Market 102.9 days 145.4 days
Gross Rental Yield Percent 6.81% 5.78%
demographics (median values)
Total Population
13765
Weekly Household Income
613.1
Household Size
2.30
demographics
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