Auction Times
Sat 23 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 55 Vincent Road 2 1 1 House | 12:00 PM Sat 23rd Nov | Stockdale & Leggo |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $144,000 | 0.0% | $69,000 | $442,500 | 211 |
| 2010 | $160,000 | +10.0% | $75,000 | $820,000 | 163 |
| 2011 | $170,000 | +5.9% | $50,000 | $822,500 | 171 |
| 2012 | $160,000 | -6.3% | $55,000 | $950,000 | 254 |
| 2013 | $168,000 | +4.8% | $70,502 | $586,000 | 221 |
| 2014 | $155,000 | -8.4% | $72,001 | $560,000 | 209 |
| 2015 | $152,440 | -1.7% | $58,000 | $870,004 | 206 |
| 2016 | $165,000 | +7.6% | $60,000 | $450,000 | 234 |
| 2017 | $180,000 | +8.3% | $75,000 | $520,000 | 276 |
| 2018 | $165,500 | -8.8% | $57,000 | $720,000 | 321 |
| 2019 | $193,000 | +14.2% | $70,000 | $630,000 | 277 |
| 2020 | $210,000 | +8.1% | $95,000 | $620,000 | 284 |
| 2021 | $287,000 | +26.8% | $125,000 | $675,000 | 340 |
| 2022 | $350,000 | +18.0% | $195,000 | $795,000 | 259 |
| 2023 | $335,000 | -4.5% | $175,000 | $850,000 | 195 |
| 2024 | $345,000 | +2.9% | $182,500 | $947,000 | 283 |
Median Sale Price
$345K
Based on 300 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
+2.9%
Current Median Price: $345,000
Previous Median Price: $335,000
Based on 501 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $185 | 0.0% | $110 | $320 | 209 |
| 2012 | $198 | +6.6% | $110 | $360 | 260 |
| 2013 | $195 | -1.5% | $125 | $395 | 376 |
| 2014 | $210 | +7.1% | $135 | $420 | 309 |
| 2015 | $210 | 0.0% | $110 | $390 | 469 |
| 2016 | $215 | +2.3% | $120 | $460 | 426 |
| 2017 | $230 | +6.5% | $110 | $460 | 417 |
| 2018 | $230 | 0.0% | $95 | $460 | 368 |
| 2019 | $245 | +6.1% | $160 | $500 | 369 |
| 2020 | $260 | +5.8% | $140 | $600 | 284 |
| 2021 | $300 | +13.3% | $175 | $590 | 311 |
| 2022 | $340 | +11.8% | $220 | $700 | 357 |
| 2023 | $360 | +5.6% | $230 | $580 | 409 |
| 2024 | $390 | +7.7% | $240 | $2,173 | 268 |
Median Rent Price
$380
per week
Based on 310 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+5.3%
Current Median Rent: $380
Previous Median Rent: $360
Based on 720 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.7%
Current Median Price: $345,000
Current Median rent: $380
Based on 610 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Morwell
Houses sold in Last 12 months ends 16 Nov 2024
$230K
Median Sale Price
34%
Clearance Rate
1/3
Sold/Reported
$230K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| less than $400 K (Median Price Range) | 1 | |
Similar Suburbs to Morwell 3840
Based on median house sale price sold in last 12 months
Schools closest to Morwell, VIC 3840
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Commercial Road Primary School - Morwell | COMMERCIAL ROADMorwell 3840 | Primary | Government | 0.27 km |
| Sacred Heart Primary School | CNR COMMERCIAL RD & WILSON STMorwell 3840 | Primary | Catholic | 0.62 km |
| St Vincent de Paul School | 2 ROWELL STMorwell 3840 | Primary | Catholic | 1.68 km |
| Tobruk Street Primary School - Morwell | 2-14 TOBRUK STREETMorwell 3840 | Primary | Government | 1.7 km |