Located in Victoria within the Whittlesea local government area, South Morang is a well-populated suburb (postcode 3752). With a population of 24,989, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $108K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Italian.
The median house price in South Morang is $744,000, having eased back by 0.9% over the past year. Units have a median price of $500,000 (-8.3% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,900.
South Morang is served by 4 schools, including 1 primary, 1 secondary, 2 combined. The average ICSEA score is 1028, which is around the national average of 1,000. Public transport access includes 5 rail stations, 88 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, South Morang shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices are near the state median ($744K/$875K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved -0.9% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.