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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 8.35% 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 -3.00% compared to last year and the average time to sell a house/townhouse is 66 days.The median listing price for units is $425,000 and this has changed 3.65% over the past year. The average unit takes 34 days to sell and the median rent for a unit in South Morang is $470 per week, producing a rental yield of 5.75%.

Supply & Demand in South Morang, Whittlesea

0.85%

Current vacancy rate


81

Rental stock available


24,060

Population


19.04%

Rental population


1.10%

Current vacancy rate


1,042

Rental stock available


197,494

Population


22.25%

Rental population


0.94%

Current vacancy rate


29,256

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 $560,000 $425,000
Median price change - last quarter 0.00% 1.08% NA
Median price change - 1 year 8.35% 2.94% 3.65%
Median price change - 2 years 4.47% 6.66% 4.93%
  House Townhouses Units
Median weekly rent $550 $515 $470
Median yield % 4.08% 4.78% 5.75%
Median rent change - 1 year 10.00% 10.75% 17.50%
  House Units
Previous month sales 24 3
Stock on market previous month 97 7
Stock variance vs. last year -3.00% 75.00%
Average days on market 66 34

South Morang investment property listings

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