Suburb Profile

Suburb profile for,

South Morang, VIC

Located in the dynamic state of VIC (postcode 3752), SOUTH MORANG is a vibrant real estate market. This suburb holds a median house price of $760,000 and has demonstrated an average buying growth of Up 4.5%. Last month, 63 houses were available, with 281 transactions completed in the past year. Properties spend around 30 days on the market, reflecting the area's demand with 3656 interested buyers. The average rental yield stands at 3.4%, with a weekly median rent of $380 per week and an average rent growth of Up 7.1%. Rental properties usually stay on the market for 19 days. The population in 2016 was 24043, which changed by +15.20% in the past five years. The median weekly household income is $1,744, reflecting an income change of +9.89% over the past five years. Residents have a median age of 34 years, and the suburb has an average annual growth for houses of +5.12%. To fully take advantage of SOUTH MORANG's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in SOUTH MORANG, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

South Morang, VIC

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
VIC
Suburb
SOUTH MORANG
Postcode
3752
Median price for all dwellings
$760,000
Last 12 months growth return
Up 4.5%
Avg. dwellings for sale in the suburb every month
63
Avg. dwellings sold in the suburb in previous 12 months
281
Avg days on market for a dwelling listing to sell
30 days
Avg. number of people searching in this suburb every month
3656
Avg. rental yield per annum
3.40%
Weekly median rent for all dwellings
$380 per week
Median price for all houses
$760,000
Avg. rental yield growth in the previous 12 months
3.40%
Avg. days for a rental listing to find a tennant
19 days
Total suburb population in 2016
24043
Total suburb population change in 5 years up to 2016
15.20%
Avg. household income per week
$1,744
Median age of the population in the suburb
34
Historic avg annual growth return per annum in the suburb
5.12%

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