South Morang is a large suburb in Victoria within the Whittlesea local government area (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. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in South Morang is $751,000, having grown strongly 5.8% over the past year. Units have a median price of $545,000 (+4.8% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.4%. 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 offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($751K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved +5.8% year-on-year.
South Morang is a large suburb in Victoria within the Whittlesea local government area (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. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in South Morang is $751,000, having grown strongly 5.8% over the past year. Units have a median price of $545,000 (+4.8% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.4%. 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 offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($751K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved +5.8% year-on-year.