Auction Times
Sat 1 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 379 Princes Drive 3 1 2 House | 1:00 PM Sat 1st Feb | Clark First National Real Estate |
Median Sale Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 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 | 321 |
| 2025 | $350,000 | +1.4% | $255,000 | $390,000 | 5 |
Median Sale Price
$342K
Based on 314 recorded sales within the last 12 months
Updated on 22 Jan 2025
Suburb Growth
+0.6%
Current Median Price: $342,000
Previous Median Price: $340,000
Based on 513 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2024)
Price Range Segments (12 months ending Dec 2024)
Median Weekly Rent Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 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 | 324 |
| 2025 | - | - | - | - | - |
Median Rent Price
$390
per week
Based on 302 recorded rent within the last 12 months
Updated on 22 Jan 2025
Rent Price Growth
+7.7%
Current Median Rent: $390
Previous Median Rent: $360
Based on 714 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.9%
Current Median Price: $342,000
Current Median rent: $390
Based on 616 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2024)
Auction Results For Morwell
Houses sold in Last 12 months ends 18 Jan 2025
$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 |