Real Estate Metung Vic 3904

Real Estate Market: Is Metung VIC 3904 a Good Suburb to Buy Into?

Housing Market in Metung

Key Metung Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$542	Bottom 39%	168% to Mar 2026
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Metung

Metung Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	1.9	Bottom 39%	Data for Jul 2023
Housing Stock Quality Indicator	40.2	Top 17%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	14 lots	Top 25%	250% to Apr 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	23	Top 6%	187% to Mar 2026

Housing Stock Quality in Metung

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Latrobe	Trend
Houses	97.6%	Bottom 33%	0 to Jan 2021
Average bedrooms - all homes	2.1	Bottom 20%	4% to Jan 2021
NBN connection: fibreoptic cable to node	15.0%	Top 14%	Data for Jun 2023

Development Restrictions in Metung

Metung Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Latrobe	Trend
Total area	32.0 sq km	Top 28%	Data for Jan 2021
Heritage overlay total area	0.0 sq km	Bottom 18%	Data for Jun 2023
Residential density	7360 sqm per resident	Top 20%	Data for Jan 2021

Risk in Metung

Metung Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Latrobe	Trend
% Owner Occupied	89.1%	Bottom 39%	0% to May 2023
% Rentals	10.9%	Top 39%	6% to May 2023
Housing Affordability Index	36	Top 38%	Data for Jun 2023
Median monthly mortgage	$2,360	Top 27%	66% to May 2023
Rent Affordability Index (Houses)	77	Bottom 42%	Data for Jun 2023
Rent Affordability Index (Units)	76	Bottom 48%	Data for Jun 2023
Mortgage as a percent of income	24.5%	Top 37%	18% to Jan 2021
Mortgaged Dwellings	29.0%	Bottom 23%	12% to May 2023

Housing Demand in Metung

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Field	Value	VS Latrobe	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	12800	Top 47%	15% to Dec 2036
Historical Population (SA3)	49300	Bottom 33%	26% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	51000	Top 26%	31% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Metung

Metung Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$238	Bottom 5%	Data for Mar 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	46.0%	Bottom 17%	54% to Mar 2026

Accommodation Options (26)

Headline	Place	Datetime
Arendell Holiday Units	30 Mairburn Rd
Bancroft Views Apartments	28 Metung Rd
Edgewater Terraces at Metung	2 Nicholas Ave
Maeburn Cottages	33 Mairburn Rd
Metung Holiday Villas	1 Mairburn Rd

Realtors (2)

Headline	Place	Datetime
King & Heath First National Metung	59/61A Metung Rd
Lockwood Real Estate	Shop 7 50 Metung Rd

Planning Applications: Dwellings (46)

Headline	Place	Date
Building and works (Dwelling and Habitable Outbuilding) and removal of two trees - East Gippsland Shire Council 211/2017/P/A	3 Moorhouse Street Metung, VIC	08 Jun 2023
Use and development for a dwelling and outbuilding and earthworks associated with a swimming pool - East Gippsland Shire Council 38/2023/P	10 Hill View Lane Metung, VIC	18 Feb 2023
Building and works for a dwelling and associated car port - East Gippsland Shire Council 502/2022/P	12 Brookers Court Metung, VIC	22 Dec 2022
Use, buildings and works for a dwelling and buildings and works for an agricultural outbuilding - East Gippsland Shire Council 480/2022/P	748 Nungurner Road Metung, VIC	13 Nov 2022
Use and development of the land for a dwelling including earthworks exceeding 1m - East Gippsland Shire Council 423/2022/P	32 Neals Road Metung, VIC	18 Sep 2022

Planning Applications: Other (44)

Headline	Place	Date
Variation of Restrictive Covenant AL689378K To delete Clause (b) - East Gippsland Shire Council 149/2023/P	39 Plateau Avenue Metung, VIC	12 May 2023
Variation of Restrictive Covenant AL849612Q To delete Clause (b) - East Gippsland Shire Council 148/2023/P	35 Plateau Avenue Metung, VIC	12 May 2023
Variation of Restrictive Covenant AL697716V To delete Clause (b) - East Gippsland Shire Council 147/2023/P	25 Plateau Avenue Metung, VIC	12 May 2023
Variation of Restrictive Covenant AL764199S To delete Clause (b) - East Gippsland Shire Council 146/2023/P	27 Plateau Avenue Metung, VIC	12 May 2023
Variation of Restrictive Covenant contained in Transfer AL095882J as it applies to Volume 11245 Folio 304 by deleting Clause (b) - East Gippsland Shire Council 126/2023/P	7 Plateau Avenue Metung, VIC	03 May 2023

Median Unit Sale Prices by Street (4)

Date	Median sale value	Street
28 Mar 2026	$183,200	Bearham Ch
28 Mar 2026	$265,100	Grevillia Ave
28 Mar 2026	$377,600	Kings Cove Bvd
28 Mar 2026	$395,200	Metung Rd

Median House Rental Prices by Street (6)

Level_0	Street	Date	Median rent (per week)
45599	Kempton Gr	28 Mar 2026	$637
45317	Broadlands Rd	28 Mar 2026	$527
45363	Christmas St	28 Mar 2026	$501
45900	Storth Ryes Ave	28 Mar 2026	$521
45806	Plateau Ave	28 Mar 2026	$552

Median House Sale Prices by Street (37)

Street	Date	Median sale value
Allan St	28 Mar 2026	$761,200
Avril Ave	28 Mar 2026	$532,200
Beach Rd	28 Mar 2026	$1,096,000
Bearham Ch	28 Mar 2026	$699,700
Besley Cl	28 Mar 2026	$946,900

LGA Details (1)

Headline	Place	Datetime
Local government area	East Gippsland

Percent of Renters by Street (100)

Percent of Renters	Street
8.1%	Banool Cl
9.5%	Adsal Court
16.7%	Adsal Ct
36.9%	Allan St
26.3%	Allan Street

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
111.8%	Kingscote Dr	very high turnover	Every 8.9 years (very high turnover)	2026
88.9%	Jeremy Ave	high turnover	Every 11.2 years (high turnover)	2026
141.2%	Kurnai Ave	very high turnover	Every 7.1 years (very high turnover)	2026
61.0%	Gilsenans Dr	quite tightly held	Every 16.4 years (quite tightly held)	2026
134.6%	Beach Rd	very high turnover	Every 7.4 years (very high turnover)	2026

Businesses (20)

Name	Address
Metung Constructions PTY Ltd.	155 Normans Rd, Metung VIC 3904, Australia
K&J Excavations	255 Punt Rd, Metung VIC 3904, Australia
Bancroft Views Apartments	28, Metung Rd
King & Heath First National Metung	59/61A Metung Rd, Metung VIC 3904, Australia
Metung Real Estate	50 Metung Rd, Metung VIC 3904, Australia

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 4, 6 David Rd	$600,000	3.0	2.0	2.0	05 Feb 2026	On Market
14 Wood St	$600,000	4.0	2.0	2.0	13 Jan 2026	On Market
38b Metung Rd	$1,350,000	5.0	4.0	6.0	08 Jan 2026	On Market
66 Kings Cove Bvd	Price Withheld				15 Dec 2025	On Market
66 Kings Cove Bvd	$480,000				15 Dec 2025	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
1 Matthew Ave	$550	3	2	4	03 Feb 2026
1 Matthew Ave	$500	3	2	4	03 Feb 2026
1 Matthew Ave	$500	3	2	4	03 Feb 2026
3 Nicholas Ave	$500	3	1	3	09 Jan 2026
3 Nicholas Ave	$500	3	1	3	09 Jan 2026

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Date
4 Grevillia Ave	$490	1.0	1.0	31 Dec 2025
4 Grevillia Ave	$490	1.0	1.0	31 Dec 2025
4 Grevillia Ave	$450	1.0	1.0	31 Dec 2025
4 Grevillia Ave	$490	1.0	1.0	31 Dec 2025
4 Grevillia Ave	$450	1.0	1.0	31 Dec 2025

Recently Sold Units (100)

Address	Price	Date sold	Sale Type
66 Kings Cove Bvd	$480,000	15 Dec 2025	On Market
66 Kings Cove Bvd	$480,000	15 Dec 2025	On Market
66 Kings Cove Bvd	$480,000	15 Dec 2025	On Market
66 Kings Cove Bvd	$480,000	15 Dec 2025	On Market
66 Kings Cove Bvd	$480,000	15 Dec 2025	On Market

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