The median price for a house in Morwell as of September 3, 2018, was $167,000. The median price for a unit is $157,000. The 12-month capital growth is at a negative 7.28%. The average annual capital growth is 7.93%. It takes on average 87 days to sell a house in Morwell. The gross rental yield for a house is 2.48% and for a unit, it is 3.39%. The DSR or Demand to Supply Ratio ranks houses in Morwell as above average and for units, it is below average. This is generally a good market for investors. Sellers are getting their asking price more often than not. The capital growth should be ahead of the national average in the meantime.
Median House prices and rent returns in Morwell
2 bedroom house $123,000 Rent per week $180
3 bedroom house $167,000 Rent per week $230
4 bedroom house $245,000 Rent per week $290
Median Unit prices and rent returns in Morwell
1 bedroom unit No data Rent per week $150
2 bedroom unit $147,000 Rent per week $180
Free Real Estate Appraisal Morwell
Are you contemplating selling your home or land in Morwell? We provide accurate and free property appraisals on houses, units and land. We base our final market price on the sales history and the location to shops and amenities.
Our team is happy to meet with house and landowners that are interested in selling and want to know the value of their property. Our database has a list of potential buyers that are looking for all types of real estate in Morwell.
Property Valuation Morwell
The majority of people believe a property appraisal and a property valuation are the same. In part this is true. However, if for legal purposes you need a valuation then you need to engage the services of a licenced property valuer. This will cost you money. If you just want to know how much your home is worth then any registered real estate agent can give you a price. How do we appraise a property in Morwell