Located in the dynamic state of VIC (postcode 3840), MORWELL is a vibrant real estate market. This suburb holds a median house price of $343,500 and has demonstrated an average buying growth of Up 22.7%. Last month, 192 houses were available, with 268 transactions completed in the past year. Properties spend around 50 days on the market, reflecting the area's demand with 1237 interested buyers. The average rental yield stands at 5.3%, with a weekly median rent of $250 per week and an average rent growth of Up 13.3%. Rental properties usually stay on the market for 30 days. The population in 2016 was 13753, which changed by -1.80% in the past five years. The median weekly household income is $849, reflecting an income change of +13.35% over the past five years. Residents have a median age of 43 years, and the suburb has an average annual growth for houses of +14.38%. To fully take advantage of MORWELL's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in MORWELL, Handle provides end-to-end property investment services, backed by data and experts.