Morwell at a glance
14,487
People
$470,000
Median sale
$366/wk
Median rent
4.05%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
$581,000
Last sold
29 July 2026
4
Bedrooms
2
Bathrooms
3
Car spaces
1,190 m²
Land
153 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$581,000
29 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Morwell (last 5 years) with land size have a median of $689/m² of land (n=68). Districts calculation from recorded sales — not a valuation.
Morwell at a glance
14,487
People
$470,000
Median sale
$366/wk
Median rent
4.05%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Vs Morwell
+23.6%
Median sale
Suburb $470,000
-0.77 pp
Gross yield
Suburb 4.05%
Suburb median $470,000 from 75 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $366/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Morwell at a glance
14,487
People
$470,000
Median sale
$366/wk
Median rent
4.05%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Avenue Property Co.The Avenue Property Co. is pleased to present a compelling income-producing opportunity on a substantial 1,190m² block in one of Morwell's most accessible and established pockets - purpose-built for the patient investor seeking strong, reliable returns. The front of the property features a fully renovated four-bedroom, two-bathroom solid home, low-maintenance, and built to last - currently tenanted with a lease running through to September 2026, offering immediate rental income from day one. All the hard work is already done, and this property holds significant long-term land value with future possibilities already within reach - ready when you are.
Renovation features include:
• Multiple open living areas
• LED downlights throughout
• Induction cooktop
• Instant gas hot water system
• Underfloor ducted heating
• Stone benchtops to kitchen, laundry, and bathrooms
• Heat lamps in bathroom & ensuite
• Floor to ceiling tiles in bathroom & ensuite
With a brick veneer structure that requires minimal upkeep and stands the test of time, this is the kind of asset that holds its value without compromise. The renovation is complete and the tenant is in place, meaning your capital is working from settlement while your options remain wide open. Hold now, collect rent, and unlock the full potential of this landholding on your own timeline.
Adding further weight to this investment is Morwell's ongoing transformation. A $30 million government hub is currently being established just hundreds of metres from the property, representing one of the most significant public infrastructure investments the region has seen in years. This kind of government-backed commitment signals long-term confidence in the area - and the numbers are already reflecting it. Morwell's median house price has grown by an impressive 21% over the past 12 months, underlining the suburb's momentum and positioning this property for sustained capital growth well into the future.
Positioned just 800 metres from Morwell Railway Station and within easy walking distance to shops, cafés, schools, and essential services, the property sits in a location with enduring tenant demand. Nearby amenities including Morwell Centenary Rose Garden, Morwell Club Bowling Club, and Northern Reserve further strengthen its long-term liveability and appeal to quality tenants.
For the buy-and-hold investor, this is a rare combination: secure income today, a structurally sound asset built without compromise, and a location delivering 21% capital growth and backed by real government investment.
Enquire today to secure this high-yielding, future-proof asset.
For investors, this is a rare combination: secure income today, a structurally sound asset built without compromise, and a location backed by real government investment and genuine growth momentum.
Listing description written by Florence Law, The Avenue Property Co. — reproduced as published, not verified by Districts.