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Morwell, VIC 3840

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Morwell, VIC 3840 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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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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0 thoughts on “Morwell, VIC 3840”

  1. The total adult population (15 years or older) of Morwell 3840 VIC is 11,891, with a median age of 43. Of those, 35.11% are married, 17.08% are divorced or separated, 39.62% are single and 8.22% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,052. The median monthly mortgage repayment for households in this suburb is $953 which is 18.86% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria, the suburb of Morwell 3840 is home to about 8415 households. As we delve into the third quarter of 2023, we find that the typical prices for houses in Morwell 3840 are reaching $364,048. With these houses drawing a median weekly rent at $347, they possess an indicative yield of 4.96%. This yield, being above the 3% market requirement, renders Morwell as a lucrative market for cashflow-focused property investors.

    Let’s dive a little deeper into the suburb’s socio-economic environment, characterised by an IRSAD score of 820 out of 1217. This score sits comfortably in the upper range, suggesting that the residents tend to be financially well-off.

    In terms of the renter-owner dynamic, with a renter to owner ratio of 34%, Morwell presents a balanced market scenario. This modest balance between renters and owners tends to stir healthy rivalry among investors, invariably maintaining Morwell’s appeal.

    Morwell’s unit to houses ratio is at a favourable low of 9%. The markedly low proportion of units versus houses implies less competition among landlords for tenants, holding up higher rental yields. Furthermore, this ratio suggests that the suburb attracts families who might account for longer tenancy periods.

    Coming to the affordability index, with a standard of 28 years to fully own a property, Morwell indeed emerges as an affordable market. This is a strong drawcard, especially for families and first-time home buyers.

    Looking at the supply metrics, Morwell has a moderate stock on market percentage of 0.55% for houses and a healthy inventory level of 2.29 months. This indicates that the property market here is well-poised to absorb new listings, while avoiding oversaturation. Additionally, the building approval ratio for houses of 0.5% reveals a subtle increase in the suburb’s housing stock.

    The demand side of the market reveals that houses in Morwell typically stay on the market for about 88 days. This slightly extended period may hint at a modest decrease in demand. However, with a vacancy rate of 2.75% and a buy search index of 3, the area enjoys a steady stream of rental demand and average buyer interest.

    In conclusion, as with any other property market, while some metrics may reside within an unfavourable range, the overall strength of the market in Morwell still presents potential opportunities to the watchful investor.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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