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All About Morwell, Latrobe (Vic.), VIC, 3840

The housing market in Morwell, Latrobe, Victoria, has seen various shifts over recent years, reflecting broader trends in regional Australian real estate. Traditionally, Morwell has been an attractive location due to its affordability, especially compared to metropolitan areas like Melbourne. This affordability has been a draw for first-time homebuyers and investors seeking rental opportunities. The demand in regional areas like Morwell has been influenced by the increasing trend of remote working, which has encouraged some city dwellers to move to regional areas in search of more space and a quieter lifestyle. However, while demand has increased, Morwell's housing market still faces some challenges, such as a limited inventory which can lead to competitive bidding situations for available properties.

Living in Morwell offers a unique blend of country charm and convenience. As part of the Latrobe Valley, Morwell is surrounded by natural beauty, including parks and reserves, making it ideal for outdoor enthusiasts. The town provides essential amenities and services, such as schools, healthcare facilities, and shopping centers, ensuring residents have access to what they need without the hustle and bustle of big-city life. The local community is known for its friendliness, fostering a welcoming atmosphere for both long-time residents and newcomers. Moreover, Morwell's strategic location offers residents the advantage of being within reasonable driving distance to Melbourne, providing access to urban culture and employment opportunities while enjoying the benefits of a quieter, smaller community.

Household Makeup

Median Weekly Rent	$221.88
Median Monthly Mortgage	$928.00
Median Persons Per bed houseroom	0.74
Average Household Size	2.13
Average Age	43.72
Average Income	$530.03
Average Cars Per Dwelling	1.54
Average Properties Within 50M	12
Typical 1 bed house	$282,000
Typical 2 bed house	$240,000
Typical 3 bed house	$348,000
Typical 4 bed house	$493,000
Typical 5 bed house	$478,000
Typical 6 bed+ house	$462,000

Housing Stock

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Morwell Real Estate Market Outlook

Thinking about buying in Morwell? Now could not be a better time, with 9600 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $355,000 with prices in this suburb ranging from $69,000 to $3,200,000. The aproximate distance to the coast is 46 Km.

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.

Instant Property Valuation

Houses for sale Morwell

Unit 1, 2 Beattie Crescent, Morwell, VIC, 3840				$200,000 to $220,000
35 Hourigan Road, Morwell, VIC, 3840	2	1		$240,000 - $260,000
16 Vasey Street, Morwell, VIC, 3840	3	1	1	$335,000
6 Dempsey Ct, Morwell, VIC, 3840	3	1	2	$375,000
46 Junier Street, Morwell, VIC, 3840	4	1	0	$340,000 - $370,000
18-20 Skeldale Wynd, Morwell, VIC, 3840	4	2	2	$830,000
26 Franklin Street, Morwell, VIC, 3840	3	1	2	$399,000
Unit 7, 17 Ann Street, Morwell, VIC, 3840	2	1	1	$269,000
25 Alamein Street, Morwell, VIC, 3840	2	1	3	$365,000
361 Princes Drive, Morwell, VIC, 3840	4	2	4	$495,000
7 Robertson Street, Morwell, VIC, 3840	2	1	1	$325,000
24 Mcmillan Street, Morwell, VIC, 3840	2	1	1	$285,000
38 Sherrin Street, Morwell, VIC, 3840	2	1	1	$285,000
Unit 10, 2 Wallace Street, Morwell, VIC, 3840	3	2	2	$435,000
33 Avondale Road, Morwell, VIC, 3840	4	2	4	$415,000
Unit 1, 126 Maryvale Road, Morwell, VIC, 3840	2	1	1	$365,000
35 Haywood Street, Morwell, VIC, 3840	3	1	1	$359,000
43 Spry Street, Morwell, VIC, 3840	3	2	1	$330,000
14 Chapel Street, Morwell, VIC, 3840	3	1	2	$390,000
Unit 19, 31 Maryvale Crescent, Morwell, VIC, 3840	2	1	1	$345,000
15 Dunbar Avenue, Morwell, VIC, 3840	3	1	1	$348,000
9 Williams Street, Morwell, VIC, 3840	3	1	1	$330,000
63 Alamein Street, Morwell, VIC, 3840	3	2	1	$348,000
76 Well Street, Morwell, VIC, 3840	3	1	2	$330,000
2 Oak Ct, Morwell, VIC, 3840	3	1	1	$440,000
27 Beattie Crescent, Morwell, VIC, 3840	3	1		$275,000
69 Tarwin Street, Morwell, VIC, 3840	2	1		$365,000
16 Dayble Street, Morwell, VIC, 3840	3	1	6	$385,000
8 Yarak Ct, Morwell, VIC, 3840	4	2	2	$585,000
58 Gabo Way, Morwell, VIC, 3840	4	2	2	$579,000
Unit 3, 2-4 Olive Drive, Morwell, VIC, 3840	3	1	3	$365,000
2 Nowa Ct, Morwell, VIC, 3840	4	2	6	$698,000
8 Granya Gr, Morwell, VIC, 3840	3	1	3	$359,000
11 Christina Street, Morwell, VIC, 3840	2	1		$285,000 - $295,000
5 Vindon Avenue, Morwell, VIC, 3840	3	1	1	$370,000
19 Wilson Street, Morwell, VIC, 3840	3	1	2	$389,500
Unit 3, 29 Airlie Bank Road, Morwell, VIC, 3840	2	1	1	$245,000
Unit 5, 2 Davey Street, Morwell, VIC, 3840	3	1	1	$389,000
56 Gabo Way, Morwell, VIC, 3840	5	3	2	$610,000
28 Crinigan Road, Morwell, VIC, 3840	3	1	1	298,000
7 Hourigan Road, Morwell, VIC, 3840	3	1	1	$299,000
15 New Street, Morwell, VIC, 3840	2	1	1	$259,000
1 Heritage Bvd, Morwell, VIC, 3840	5	2	2	$795,000
56 Bellarine Circuit, Morwell, VIC, 3840	3	1	1	$395000
5 Talbot Ct, Morwell, VIC, 3840	3	2	2	$565,000
22 Spry Street, Morwell, VIC, 3840	3	1	1	$385,000
38 Latrobe Road, Morwell, VIC, 3840	2	1	3	$300,000
113 Bridle Road, Morwell, VIC, 3840	3	2	2	$455,000
17 Skeldale Wynd, Morwell, VIC, 3840	4	2	2	$750,000
7 Willis Street, Morwell, VIC, 3840	3	1	1	$378,000
Unit 1, 64 Church Street, Morwell, VIC, 3840	4	1	2	$375,000
Unit 4, 19 Ann Street, Morwell, VIC, 3840	2	1	1	$285,000
8 Watt Street, Morwell, VIC, 3840	3	1	7	$465,000
130 Maryvale Road, Morwell, VIC, 3840	3	1	1	$375,000
1 Peter Street, Morwell, VIC, 3840	3	2	2	$420,000
25 Porter Street, Morwell, VIC, 3840	3	1	2	$368,000
21 Mclean Street, Morwell, VIC, 3840	3	2	2	$535,000
46 Vincent Road, Morwell, VIC, 3840	4	1	2	$315,000
11 Lae Ct, Morwell, VIC, 3840	3	1		$299,000
38 Hopetoun Avenue, Morwell, VIC, 3840	4	1	1	$345,000
166 Vincent Road, Morwell, VIC, 3840	3	1	2	$495,000
60 Wallace Street, Morwell, VIC, 3840	3	1	2	$389,000
56 Sherrin Street, Morwell, VIC, 3840	3	1	1	$298,000
4 Butters Street, Morwell, VIC, 3840	3	1	2	$398,000
12 Winston Ct, Morwell, VIC, 3840	3	1	1	$295,000
13 Palm Gr, Morwell, VIC, 3840	3	2	2	$840,000
68 Elgin Street, Morwell, VIC, 3840	4	2	3	$395,000
31 Robertson Street, Morwell, VIC, 3840	2	1	2	$339,000
Unit 1, 153 Buckley Street, Morwell, VIC, 3840	2	1	4	$379,000
56 Mclean Street, Morwell, VIC, 3840	3	1	3	$365000
2 Ronald Ct, Morwell, VIC, 3840	2	1	2	$349,500
6 Lae Ct, Morwell, VIC, 3840	3	1	4	$345,000
35 Papyrus Street, Morwell, VIC, 3840	3	1		$385,000
2 Scarborough Crescent, Morwell, VIC, 3840	4	2	2	$595,000
50 Robertson Street, Morwell, VIC, 3840	3	2		$259,000
37 Gabo Way, Morwell, VIC, 3840	4	2	4	$645,000
10 Hare Street, Morwell, VIC, 3840	3	1	3	$495,000-$540,000
Unit 1, 107 Bridle Road, Morwell, VIC, 3840	4	2	4	$750,000-$780,000
14 Junier Street, Morwell, VIC, 3840	3	1	1	$315,000
Unit 3, 127 Vary Street, Morwell, VIC, 3840	3	1	2	$319,000
10 Botany Street, Morwell, VIC, 3840	3	1	1	$289,000
5 Jacob Ct, Morwell, VIC, 3840	4	2	2	$789,000
Unit 1, 5 Keegan Street, Morwell, VIC, 3840	2	1	1	$348,000
118 Vary Street, Morwell, VIC, 3840	4	1	2	$335,000
19 Satelberg Street, Morwell, VIC, 3840	3	1	2	$339,950
41 White Street, Morwell, VIC, 3840	3	1	2	$420,000
Unit 1, 120 Vincent Road, Morwell, VIC, 3840	3	1	1	$299,000
25 Hopetoun Avenue, Morwell, VIC, 3840	3	1	1	$365,000
495 Princes Drive, Morwell, VIC, 3840	3	2	2	$690,000 - $720,000
38 Sowerby Road, Morwell, VIC, 3840	4	2	2	$850,000
42 Dunbar Avenue, Morwell, VIC, 3840	3	1	1	$310,000
38 Hourigan Road, Morwell, VIC, 3840	3	1		$315,000
13 Parkview Bvd, Morwell, VIC, 3840	4	2	2	$698,000

Properties for sale in Morwell

Local Schools

Morwell Central Primary School

St Vincent de Paul's School

Sacred Heart School

Kurnai College

Morwell Park Primary School

(While the above schools are located with the suburb of Morwell there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Morwell weather - Average Local Climate by month

	(mm) RAIN	Min (°C) TEMP	Max (°C) TEMP	Min (%) HUMIDITY	Max (%) HUMIDITY	(m/sec) WIND	(MJ/sq m) SOLAR
Jan	1.2	13.4	27.9	39.2	90.4	4.3	23.6
Feb	2	13.5	27.0	43.1	92.7	4.1	19.7
Mar	1.8	11.8	24.4	46.1	92.7	3.8	14.5
Apr	1.9	9.2	20.8	52.9	95.3	3.2	11.2
May	1.8	6.2	17.0	59.4	95.3	3.4	8.5
Jun	1.9	3.9	14.2	65.0	95.4	3.0	7.5
Jul	1.9	4.1	14.0	62.8	95.2	3.7	7.5
Aug	2.6	4.5	14.9	57.9	94.8	4.0	10.0
Sept	2.4	6.1	17.6	51.1	94.0	4.3	14.2
Oct	2.0	7.6	20.3	49.3	94.2	4.1	19
Nov	2.3	9.4	22.8	47.6	94.0	4.3	21.5
Dec	1.7	11.7	25.3	42.4	92.3	4.4	23.6

source: Australian Government Bureau of Meteorology

Public Transport

Moe - Greater then 10KM

Traralgon - Greater then 10KM

Walhalla - Greater then 10KM

Rosedale - Greater then 10KM

Morwell - Less than 2 KM

Trafalgar - Greater then 10KM

Yarragon - Greater then 10KM

General Points of Interest

Latrobe Valley Yacht Club - Less than 10 KM

Giant Cigar - Less than 10 KM

Latrobe City Stadium - Less than 2 KM

Immigration Park - Less than 2 KM

BMX Track - Less than 10 KM

Bryant Park - Less than 10 KM

Federation University Gippsland Campus - Less than 10 KM

Churchill & Monash Golf Club - Less than 10 KM

Latrobe Leisure - Churchill - Less than 10 KM

Traralgon Golf Course - Less than 10 KM

Nearby Suburbs

Maryvale Yallourn Hazelwood North Hazelwood Hernes Oak Traralgon Churchill Driffield Hazelwood South Tyers

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