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8 Dream Palace Way, Morwell$307,500
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8 Dream Palace Way

Morwell, VIC 3840, Australia
$295,000 – $320,000
765 m²

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About this property

Set within the highly regarded Panoramic Estate, this titled 765 m² block offers an exceptional opportunity to build your dream home in one of Morwell's most desirable communities. Flat, fully serviced and ready to go, it's the perfect canvas for a contemporary residence with generous outdoor space. Surrounded by landscaped streets and anchored by the estate's iconic River Gum Tree, the location combines natural beauty with modern convenience. Positioned within a growing neighbourhood of quality homes, it provides an enviable balance of tranquillity and accessibility. Families will appreciate the proximity to a wide choice of local schools, including Morwell Central Primary, Sacred Heart and Kurnai College, while TAFE Gippsland and Federation University are only a short drive away. Healthcare is well-catered for with Latrobe Regional Hospital and Maryvale Private Hospital close by, alongside everyday essentials such as local pharmacies, shopping, and dining. For commuters, Morwell Railway Station is just a 10-minute walk, offering V/Line connections to Melbourne and Traralgon. The Princes Freeway is also easily accessible, ensuring smooth travel to regional hubs and the city. Recreation is never far, with Morwell National Park, Hazelwood Pondage and a wealth of community sports clubs nearby. Whether it's weekend hiking, water activities or joining a local team, there's no shortage of ways to enjoy the Latrobe Valley lifestyle. A rare titled block of this size in a prestigious estate, this property is ideal for first-home buyers seeking value, families ready to build their forever home, or investors looking for strong regional growth. Secure your place in Morwell's Panoramic Estate and start planning your next chapter today. Property highlights: Flat, titled 765 m² allotment in Panoramic Estate Fully serviced and ready to build Surrounded by landscaped streets and quality homes Walk to Morwell Station, close to schools, shops and healthcare Easy freeway access, moments to Mid Valley Shopping Centre Minutes to parks, sports clubs and outdoor recreation DISCLAIMER: The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
765 m²
Listed
3 months ago

Repayment calculator

$1,491/month
$745 /fortnight
Loan $246,000 at 6.10% over 30 years

Upfront costs

Deposit$61,500
Stamp duty$13,520
Conveyancing (est.)$2,000
Total upfront$77,020
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Morwell

This land in Morwell, VIC 3840 sits within reach of public transport, local shops and nearby schools. It is listed 50% below the $619,061 median of 76 comparable landswithin 5 km.

Schools near Morwell

  • Virtual School Victoria - Bellum Bellum Blended Learning Hubcombined
  • Morwell Central Primary Schoolprimary · Prep-6 · CoEd
  • Morwell Park Primary Schoolprimary · Prep-6 · CoEd
  • Berry Street School - Morwell Campussecondary
  • Kurnai Collegesecondary · 7-12 · CoEd

What's nearby

  • Williams St/Well St (bus)2.7 km away
  • Woolworths3.3 km away
  • Unnamed2.0 km away
  • Unnamed2.0 km away
  • Unnamed2.4 km away

Morwell at a glance

Full suburb profile
Population
14,389
Median age
43
Household income
$942/wk
Median rent
$215/wk
Median mortgage
$953/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Morwell price trend

Median sold · House 3 bed

Compound growth +6.8% / yr over 4 yrs

$410kcurrent median

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Price history

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1 price change recorded for this property

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