Morwell VIC 3840
Morwell is in Latrobe (Vic.) LGA, VIC, postcode 3840, with population 14,389.
Strong evidence
Morwell has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Gross rent yield screens at about 5.9%. Verify price and rent freshness before modelling the deal.
Open matching rent ranking →5.9% gross yield but the LGA is flat. Treat as price-anchored, check demand.
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent-led investor candidate
Gross rent yield screens at about 5.9%. Snapshot rent $380/wk.
Verify price and rent freshness before modelling the deal.
Morwell has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
Population growth, Building approvals
Morwell currently reads as a income-first candidate with a affordability-first secondary angle.
Gross yield screens at about 5.9%. Entry price sits in the lower-cost range for a first-pass screen. No major decision caution is visible from the current evidence layer.
Compare it against one challenger, then use the AU calculator to model the financial case.
Gross yield screens at about 5.9%. Entry price sits in the lower-cost range for a first-pass screen. School coverage gives the page a stronger family/livability signal.
No major caution is visible beyond the normal source checks.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Morwell VIC
Morwell is a well-established suburb in Victoria within the Latrobe (Vic.) local government area (postcode 3840). With a population of 14,389, the suburb has an established demographic with a median age of 43. Households earn a median income of $49K per year, with an average household size of 2.2 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Morwell is $335,000, having increased 2.9% over the past year. Units have a median price of $255,000 (+2% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $953.
Morwell is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 3 rail stations, 4 tram stops, 106 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Morwell offers a gross rental yield of 5.9%, rated as high yield. Property prices sit below the state median ($335K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +2.9% year-on-year.
Morwell is a well-established suburb in Victoria within the Latrobe (Vic.) local government area (postcode 3840). With a population of 14,389, the suburb has an established demographic with a median age of 43. Households earn a median income of $49K per year, with an average household size of 2.2 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Morwell is $335,000, having increased 2.9% over the past year. Units have a median price of $255,000 (+2% YoY). The current median weekly rent is $380. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $953.
Morwell is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 3 rail stations, 4 tram stops, 106 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Morwell offers a gross rental yield of 5.9%, rated as high yield. Property prices sit below the state median ($335K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +2.9% year-on-year.
Morwell FAQ
Common questions-
What LGA is Morwell in?
Morwell is in the Latrobe (Vic.) Local Government Area, VIC, postcode 3840. Council-level context for Latrobe (Vic.) LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Morwell?
The current median house price in Morwell, VIC is $335K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Morwell?
The median weekly rent in Morwell is $380/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
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What does the rent signal say about Morwell?
Rent-led investor candidate: Gross rent yield screens at about 5.9%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Morwell a good investment?
QuickProperty's investment signals for Morwell show: High Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Morwell?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Morwell data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.