Morwell (VIC 3840): property prices & suburb profile

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.

• 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.

• 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.

• 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 113th highest of the 117 Regional Victoria suburbs we cover.

• Alexandra 3714

  $556,000 typical house price

• Alfredton 3350

  $622,000 typical house price

• Ararat 3377

  $395,000 typical house price

• Bairnsdale 3875

  $463,000 typical house price

• Ballarat Central 3350

  $668,000 typical house price

• Ballarat East 3350

  $532,000 typical house price

• Ballarat North 3350

  $555,000 typical house price

• Baranduda 3691

  $656,000 typical house price

All Regional Victoria suburb research

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?

Morwell has 5 ACARA-registered schools: Kurnai College, Morwell Central Primary School, Morwell Park Primary School, Sacred Heart School, St Vincent de Paul's School.