Morwell
The median rent for a 2-bedroom unit in Morwell is $320 a week for leases that started in the year to September 2025, up 10.3% on a year earlier. That is in line with the typical 2-bedroom unit rent across Latrobe Valley. The median sale price in the Mar 2026 quarter was $435,000 for a house and $357,500 for a unit. A year of rent for that home is about 5.5% of its median sale price (gross rental yield).
Median rent in Morwell
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $275 | +10.0% | 47 |
| 2-bedroom unit | $320 | +10.3% | 86 |
| 3-bedroom unit | $330* | none | 10 |
| 2-bedroom house | $350 | +7.7% | 77 |
| 3-bedroom house | $400 | +8.1% | 261 |
| 4-bedroom house | $493 | +3.1% | 74 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $435,000 | Mar 2026 quarter |
| Unit | $357,500 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Moe $310 a week
- Newborough $310 a week
- Traralgon $365 a week