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Investment Property South Morang, VIC, 3752

Suburb Snapshot

South Morang is a suburb in the Whittlesea Region of Victoria. South Morang has a population of 24,060 people and 19.04% of its occupants live in rental accommodation. The median listing price for houses is $700,000 and this has changed 7.69% over the past year and changed 4.47% over 2 years.

The median rent in South Morang for houses is $550 per week and the median rental yield is 4.08%. Stock on the market for houses/townhouses has changed -14.29% compared to last year and the average time to sell a house/townhouse is 72 days.The median listing price for units is $430,000 and this has changed 6.17% over the past year. The average unit takes 37 days to sell and the median rent for a unit in South Morang is $470 per week, producing a rental yield of 5.68%.

Supply & Demand in South Morang, Whittlesea

0.89%

Current vacancy rate


84

Rental stock available


24,060

Population


19.04%

Rental population


1.12%

Current vacancy rate


1,064

Rental stock available


197,494

Population


22.25%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for South Morang, Whittlesea

  House Townhouses Units
Median listing price $700,000 $550,000 $430,000
Median price change - last quarter 0.00% 1.08% NA
Median price change - 1 year 7.69% 0.54% 6.17%
Median price change - 2 years 4.47% 5.26% 4.87%
  House Townhouses Units
Median weekly rent $550 $520 $470
Median yield % 4.08% 4.91% 5.68%
Median rent change - 1 year 10.00% 11.82% 17.50%
  House Units
Previous month sales 34 1
Stock on market previous month 90 7
Stock variance vs. last year -14.29% 40.00%
Average days on market 72 37

South Morang investment property listings

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