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Morwell, VIC 3840
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$420,000
market range $375K-$500K
Median Unit
$330,000
market range $300K-$375K
Gross Yield
-
1yr Growth
-
Investment snapshot for Morwell
Morwell has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Morwell market and investor summary
In Morwell, VIC 3840, the median house sells for around $420K. At 2.7% vacancy, it is a broadly balanced rental market.
Houses also take time to sell, around 62 days on market, so plan for a slower exit if you ever need one.
Living in Morwell: people, income and schools
Morwell has a resident population of roughly 14,389, a number that has held fairly steady over five years. At a median age of 43, it reads as skewed a little older, and families account for 59% of households.
The typical household income runs to around $49,000 a year (about $940 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to about 8.6 times local household income, in line with much of metropolitan Australia.
Families have 8 schools within roughly 5km to choose from, testing below the national school average on ICSEA. It is fairly car-dependent; the suburb scores 24 for walkability and 76 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 14,389
- +2% over 5yr
- Median age
- 43 years
- Median household income
- $49,000/yr
- Households renting
- 34%
- Family households
- 59%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 8
- avg ICSEA 904
- Unemployment
- 11.5%
- Walk score
- 24/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Morwell
No properties currently listed in Morwell
Search Morwell listings →Frequently asked questions about Morwell
What should I check before investing in Morwell?
Morwell has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Morwell?
The median property price in Morwell, VIC 3840 is $420K for houses and $330K for units.
How tight is the rental market in Morwell?
The current vacancy rate in Morwell is 2.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Morwell?
Morwell has a population of approximately 14,389 residents, with a median age of 43.
What schools are near Morwell?
There are 8 schools within roughly 5km of Morwell. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Morwell affordable to buy in?
A median house in Morwell costs about 8.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Morwell's population growing?
The population of Morwell has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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