2 Banyalla RoadMorwell VIC 3840
Property Details for 2 Banyalla Rd, Morwell
Last Listing description (March 2026)
Release 1 at Olearia features affordable, well-proportioned lots with easy street access and close links to schools and local amenities, making it perfect for first-home buyers and early purchasers. These properties are an ideal combination of value, growth, and a connected place to call home.
A growing community in the heart of Morwell.
Olearia is close to everything that matters. A short walk to Morwell Central Primary School, Maryvale Recreation Reserve, and local cafs, it's a spot that makes everyday life easy. You're close enough to the town centre and the train station, yet surrounded by open space and greenery. It's a community that feels connected and is designed for families, first-home buyers and downsizers who want to make Morwell home.
The essentials, made simple.
Every land lot is fully serviced and ready for you to build with ease, so you can focus on creating the home you have always wanted.
Electricity, water and NBN connections are available at each lot boundary.
Sewer and stormwater connections are available at each lot boundary.
Safe and walkable, all streets feature profiled kerb, channelling and paved footpaths with street lighting throughout the development.
Each lot features one vehicle crossover.
Olearia Morwell.
A project by Development Victoria.
olearia.com.au
Property History for 2 Banyalla Rd, Morwell, VIC 3840
- 12 Mar 2026Listed for Sale $230,000
- 13 Oct 2025Sold for $1,155,000
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0About Morwell 3840
The size of Morwell is approximately 44.9 square kilometres. It has 31 parks covering nearly 5.9% of total area. The population of Morwell in 2016 was 13771 people. By 2021 the population was 14389 showing a population growth of 4.5% in the area during that time. The predominant age group in Morwell is 60-69 years. Households in Morwell are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Morwell work in a labourer occupation.In 2021, 62.00% of the homes in Morwell were owner-occupied compared with 61.70% in 2016.
Morwell has 9,466 properties. Over the last 5 years, Houses in Morwell have seen a 86.04% increase in median value, while Units have seen a 81.41% increase. As at 31 March 2026:
- The median value for Houses in Morwell is $421,535 while the median value for Units is $343,325.
- Houses have a median rent of $420 while Units have a median rent of $320.
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