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South Morang, VIC 3752
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$820,000
market range $775K-$900K
Median Unit
$565,000
market range $525K-$600K
Gross Yield (units)
4.8%
1yr Growth (houses)
+5.5%
market range +2.5% to +10.0%
Investment snapshot for South Morang
South Morang has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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South Morang market and investor summary
South Morang (VIC 3752) runs a median house price of $820K. House prices have moved +5.5% over the past year and +15.5% over three years. At 2.6% vacancy, it is a broadly balanced rental market.
Living in South Morang: people, income and schools
South Morang is home to around 24,989 people, a number that has held fairly steady over five years. The median age is 36, broadly working-age, and 79% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $108,000 a year, or roughly $2,080 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.6 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There are 39 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 20 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 63 for walkability and 97 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 24,989
- +2% over 5yr
- Median age
- 36 years
- Median household income
- $108,000/yr
- Households renting
- 21%
- Family households
- 56%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 39
- avg ICSEA 1013
- Unemployment
- 4.7%
- Distance to CBD
- 20 km
- Walk score
- 63/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in South Morang
View all →Frequently asked questions about South Morang
What should I check before investing in South Morang?
South Morang has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +5.5% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in South Morang?
The median property price in South Morang, VIC 3752 is $820K for houses and $565K for units.
What rental yield does South Morang show?
The gross rental yield in South Morang is 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for South Morang?
House prices in South Morang are up 5.5% over the past year and up 15.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in South Morang?
The current vacancy rate in South Morang is 2.6%. 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 South Morang?
South Morang has a population of approximately 24,989 residents, with a median age of 36.
What schools are near South Morang?
There are 39 schools within roughly 5km of South Morang. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is South Morang affordable to buy in?
A median house in South Morang costs about 7.6 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 South Morang's population growing?
The population of South Morang has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is South Morang from the CBD?
South Morang is about 20 km from the CBD.
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