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Latrobe City, VIC

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The City of Latrobe is a local government area located in the Gippsland region of eastern Victoria, Australia. It is predominantly urban, and is considered a desirable place to live, with good access to employment and recreation opportunities.

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The economy of Latrobe City is based largely on the provision of services to the surrounding rural areas, with some light manufacturing and agriculture.

In Latrobe LGA, the most prevalent jobs are Technicians and Trades Workers (17.8%), Professionals (15.2%), Clerical and Administrative Workers (13.6%), Community and Personal Service Workers (11.9%), and Labourers (11.8%). In Latrobe , the typical weekly personal income for persons aged 15 years and older is $544.

The majority of housing stock in Latrobe City is made up of detached houses, followed by units and townhouses. In Latrobe City, 88.0 % of occupied private residences are single detached houses, 6.1 % are semi-detached, row or terrace houses, townhouses, etc., 5.2 % are flats or apartments, and 0.4 % are other housing.

Investors are increasingly interested in the Latrobe City market, as prices continue to increase and rental yields remain attractive. The city offers a good mix of housing options, from affordable family homes to high-end luxury properties. There is strong demand for properties in the city centre, as well as in the surrounding suburbs.

Discover the latest trends for sales and rental prices in the LGA with the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Latrobe City, VIC

What other property markets are there near Latrobe City, VIC?

Latrobe City is surrounded by 2 other council areas – South Gippsland, Wellington.

How many people live in Latrobe City, VIC?

There are approximately 73000 people living in roughly 34000 dwellings in total, with an average household size of 2.3.

What are current and planned infrastructure projects in Latrobe City, VIC?

Notable infrastructure projects include Gippsland Regional Aquatic Centre, West Sale Runway extension.
Innovation Centre at the Gippsland Hi Tech Precinct, Road and streetscape projects,Gippsland rail upgrade, Traralgon Sports Stadium.

What major retailers are there in Latrobe City, VIC?

The main retail centres are Best&Less Traralgon, Millers, C & A Outdoors, The Reject Shop, BIG W Morwell.

What is the main industry in Latrobe City, VIC?

Such sectors as Electricity, Gas, Water & Waste Service, Manufacturing, Accommodation & Food Services make up the largest part of the employment.

What are the dominant demographic groups in Latrobe City, VIC?

Among approximately 73000 people in Latrobe City males and females make roughly 49% and 51% respectively. The median age of people is 41 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 19%.

How is unemployment rate trending in Latrobe City, VIC?

Among approximately 33000 people employed, roughly 52% work full-time, 33% work part-time, and an estimated 10% are unemployed.

Suburbs/localities in this Local Government Area: Abbeyard 3737, Harrietville 3741, Havilah 3737, Kancoona 3691, Kergunyah South 3691, Barwidgee 3737, Merriang 3737, Merriang South 3737, Mongans Bridge 3691, Mount Beauty 3699, Mount Buffalo 3740, Mudgegonga 3737, Myrtleford 3737, Nug Nug 3737, Ovens 3738, Porepunkah 3740, Rosewhite 3737, Running Creek 3691, Selwyn 3737, Smoko 3741, Tawonga 3697, Tawonga South 3698, Upper Gundowring 3691, Bogong 3699, Wandiligong 3744, Wonnangatta 3737, Bright 3741, Buckland 3740, Buffalo River 3737, Coral Bank 3691, Dandongadale 3737, Dederang 3691, Dinner Plain 3898, Eurobin 3739, Freeburgh 3741, Gapsted 3737, Germantown 3741, Glen Creek 3691

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