Unit 3, 2-4 OLIVE DRIVE Morwell VIC 3840
This property is Off Market
- The Average property price in this area is $354,683, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 49.77 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Morwell
With an average age of 47, households expect an average monthly mortgage payment of $975 or a weekly rent payment of $205. The average family earns a weekly income of $1,199 with a typical household size of 2.1 and a 84.95% employment rate.
Consistent high demand relative to supply is a key feature in Morwell driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Morwell due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Morwell changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Morwell to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Morwell the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Public Transport
Moe
General Points of Interest
Latrobe Valley Yacht Club
Giant Cigar
Latrobe City Stadium
Immigration Park
BMX Track
Bryant Park
Federation University Gippsland Campus
Churchill & Monash Golf Club
Latrobe Leisure - Churchill
Traralgon Golf Course
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 2088 asthma sufferers and 992 people living with diabetes. In addition, 890 people have a heart/vascular condition and 2488 people live with three or more chronic diseases.A good place to invest in property?
Morwell a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
31 / 100
52 / 100
Industry
07 / 100
17 / 100
Population
17 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
18 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsMorwell Park Primary School Kurnai College
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Sacred Heart School
Morwell, VIC, 3840 Independent Prep-6 -
Morwell Central Primary School
Morwell, VIC, 3840 State Prep-6 -
Hazelwood North Primary School
Hazelwood North, VIC, 3840 State Prep-6 -
St Vincent de Paul's School
Morwell, VIC, 3840 Independent Prep-6 -
Morwell Park Primary School
Morwell, VIC, 3840 State Prep-6 -
Kurnai College
Morwell, VIC, 3840 State 7-12 -
Lavalla Catholic College
Traralgon, VIC, 3844 Independent 7-12 -
Traralgon (Kosciuszko Street) Primary School
Traralgon, VIC, 3844 State Prep-6
Property Story
Unit 3, 2-4 Olive Drive, Morwell, Vic, 3840 is a residential property . The estimated distance to the sea is 49.77km and 0.93KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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