Morwell Suburb ProfileVictoria 3840
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Morwell has 8,939 properties. Over the last 5 years, Houses in Morwell have seen a 79.21% increase in median value, while Units have seen a 46.24% increase. As at 31 October 2024:
- The median value for Houses in Morwell is $319,787 while the median value for Units is $272,996.
- Houses have a median rent of $370 while Units have a median rent of $290.
The size of Morwell is approximately 44.9 square kilometres. It has 31 parks covering nearly 5.9% of total area. The population of Morwell in 2011 was 14,005 people. By 2016 the population was 13,753 showing a population decline of 1.8% in the area during that time. The predominant age group in Morwell is 50-59 years. Households in Morwell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morwell work in a trades occupation. In 2011, 63.1% of the homes in Morwell were owner-occupied compared with 61.7% in 2016.
Market Insights
Morwell Trends for Houses
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Morwell Trends for Units
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Neighbourhood Insights
Age
Population 13,753
0-9
12%
10-19
11%
20-29
13%
30-39
11%
40-49
12%
50-59
14%
60-69
13%
70-79
9%
80-89
5%
90-99
1%
Household Structure
Occupancy
Recent Sales in MORWELL 3840
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0Properties for sale in MORWELL 3840
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0Properties for rent in MORWELL 3840
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Last Updated: 18/11/2024
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