Housing is significantly more affordable in Morwell and Gippsland than in metropolitan Melbourne or other Victorian regional cities.
Latrobe City median house prices are 67% cheaper than Melbourne and 34% less expensive than the regional city average.
Property prices have also demonstrated consistent rates of capital appreciation over the last 20 years, as the graph shows.
These rates have been further transformed since COVID-19 as people from Melbourne and other cities relocate into regional areas.
Choose from period homes and contemporary designed new family houses to country homesteads.