Morwell, VIC 3840
Latrobe City CouncilAll suburbs in postcode 3840
Updated
Median house price
$355,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Morwell?
Get the free selling guide, personalised to Morwell, or ask for a free appraisal from a local agent.
Morwell at a glance
- Median unit
- $272,500
- Weekly rent
- $400
- Houses · units $320
- Population
- 14.4k
- Median age 43
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in Morwell
Houses change hands at $355,000 on a typical sale, well below the Victoria median. Units come in around $272,500, roughly 23% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $71,000. Prices are well below the Victoria median, which keeps Morwell on the radar for first-home buyers and right-sizers.
Rental data as of September 2025· Victorian rental report
Free appraisal in Morwell
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What to know about Morwell
Morwell (3840) sits in the Latrobe region of Victoria. The median house here is $355,000, well below the Victoria median of around $850K.
Morwell has roughly 14,389 residents, with an established, older skew. Households are mostly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Morwell scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 27°C (mild), winter mornings around 5°C (cool). Annual rainfall lands at about 698 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 1 government secondary, 5 Catholic.
Schools in Morwell
Location
Walkability
- Walk
- 0/100
- Transit
- 0/100
- Bike
- 55/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Morwell's population at 14,389, with a median age of 43. That sits as an established, older skew. Households are mostly owner-occupied (62% own, 34% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (38%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 59%
- Lone person
- 38%
- Owner occupied
- 62%
- Renter occupied
- 34%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 5.86% (median rent $400/wk against a $355,000 price tag). Units yield 6.11% gross, often the better cash-flow play for first-time investors. With 34% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 5.86%
- On the $355,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 6.11%
- On the $272,500 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
3,530 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 698 mm
- Hottest month, avg max
- 26.5°C
- Coldest month, avg min
- 4.5°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Morwell
- What is the median house price in Morwell?
- The median house price in Morwell, VIC 3840 is $355,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $272,500.
- How much is my house worth in Morwell?
- A useful starting point is the Morwell median house price of $355,000 (units $272,500). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Morwell a good investment?
- On the published figures, the gross rental yield on houses in Morwell is 5.9%: the median weekly house rent is $400 (Victorian rental report, September 2025) against the median house price of $355,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Morwell: the Land Victoria figures we hold do not measure one. Whether Morwell is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Morwell postcode?
- Morwell is in the 3840 postcode, in VIC, in the Latrobe City Council region.
- Where is Morwell?
- Morwell is a suburb in the Latrobe City Council area, VIC 3840.
- What is the average rent in Morwell?
- The median weekly rent for houses is $400, for units it's $320.
- What schools are in Morwell?
- There are 13 schools serving Morwell on this page, including St Vincent de Paul's School, Morwell Central Primary School, Morwell Park Primary School.
- How walkable is Morwell?
- Morwell has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 55.
- What suburbs are near Morwell?
- Morwell is close to Morwell Upper, Morwell East, Nuntin, Mid Valley, Maryvale.
- What is the population of Morwell?
- The population of Morwell is approximately 14,389 (2021 Census). The median age is 43.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.