Morwell (VIC 3840): property prices & suburb profile
Latrobe (Vic.) LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Morwell property prices
The typical Morwell house sold for around $375,000 in the year to 2025-Q4, +123.3% over 10 years and +87.2% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $160,000 | $160,000 |
| 2014 | $150,000 | $142,000 |
| 2015 | $151,000 | $180,000 |
| 2016 | $153,000 | $152,500 |
| 2017 | $170,000 | $160,000 |
| 2018 | $167,000 | $149,500 |
| 2019 | $179,000 | $175,500 |
| 2020 | $200,000 | $171,500 |
| 2021 | $275,000 | $195,000 |
| 2022 | $325,000 | $285,000 |
| 2023 | $333,500 | $250,000 |
| 2024 | $335,000 | $255,000 |
| Apr 2024 | $331,500 | $245,000 |
| July 2024 | $337,000 | $300,000 |
| Oct 2024 | $343,000 | $268,000 |
| 2025 | $350,000 | $232,500 |
| Apr 2025 | $356,300 | $272,500 |
| July 2025 | $385,000 | $305,000 |
| Oct 2025 | $392,500 | $331,000 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Morwell medians by quarter
The most recent quarter on record for Morwell is 2025-Q4.
| Quarter | Type | Median | Sales |
|---|---|---|---|
| 2025-Q4 | Unit | $331k | 28 |
| 2025-Q4 | House | $393k | 176 |
| 2025-Q3 | Unit | $305k | 25 |
| 2025-Q3 | House | $385k | 180 |
| 2025-Q2 | Unit | $273k | 12 |
| 2025-Q2 | House | $356k | 120 |
| 2025-Q1 | Unit | $233k | 14 |
| 2025-Q1 | House | $350k | 96 |
| 2024-Q4 | Unit | $268k | 15 |
| 2024-Q4 | House | $343k | 117 |
| 2024-Q3 | Unit | $300k | 9 |
| 2024-Q3 | House | $337k | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Morwell
Morwell has a median age of 43 and a median household income of $942 a week.
- Figures labelled Morwell are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "Morwell" and postcode 3840 both extend beyond Morwell.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Schools in Morwell
The 5 schools in Morwell sit at the 14th percentile nationally on ACARA's socio-educational index.
| School | Sector | Type | ICSEA |
|---|---|---|---|
| Kurnai College | Government | Secondary | 917 |
| Morwell Central Primary School | Government | Primary | 888 |
| Morwell Park Primary School | Government | Primary | 897 |
| Sacred Heart School | Catholic | Primary | 970 |
| St Vincent de Paul's School | Catholic | Primary | 1,001 |
- ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
- Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
- Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.
Suburbs near Morwell
Morwell's typical house price of $375,000 is the lowest of the 5 Regional Victoria suburbs we cover.
Morwell: common questions
- How much does a house cost in Morwell?
- About $375,000 across the 12 months to 2025-Q4, from 572 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Morwell prices gone up?
- Prices have risen 123.3% over 10 years and moved +87.2% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Morwell?
- The typical unit price was around $296,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 79 sales.
- Can I see Morwell prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
- Which schools are in Morwell?
- Kurnai College, Morwell Central Primary School, Morwell Park Primary School, Sacred Heart School, St Vincent de Paul's School.
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Data sources
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This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.