Munruben

POSTAL CODE: QLD, 4125
HOUSE

Homeowners and real estate investors betting on MUNRUBEN, 4125 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 15.77%.

A steady increase in median property prices over a five-year period in the suburb translates to a 33.16% capital gain.

Property investors in MUNRUBEN enjoyed capital gains of 15.77% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,285,000.

Profits due to an upward trend in home prices there averaged 11.05% per annum over a 3-year period.

Home owners selling their properties and realtors in MUNRUBEN usually have to wait an average of 25.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $1000 mark, reflecting a 4.05% increase in returns based on the current median price in MUNRUBEN.

MUNRUBEN, 4125 places 137th in Australia based on median property value growth during the quarter.

Surburb overview

Munruben is a rural community in Logan, Queensland, Australia. It is approximately 36.4 kilometres south of Brisbane's central business district. 

According to the 2021 census, Munruben had 2,753 residents. The predominant age group is 50-59, and households primarily comprise couples with children. 

The suburb covers an area of approximately 12.1 square kilometres, with eight parks accounting for nearly 14.5% of the total area.  The Mount Lindesay Highway passes through Munruben, providing connectivity to surrounding regions. 

The name "Munruben" is believed to derive from the Bundjalung language, which refers to a local lagoon. The area was officially named in 1991 and transitioned from the Shire of Beaudesert to Logan City following local government amalgamations in March 2008. 

There are no schools within Munruben. The nearest government primary and secondary schools are Park Ridge State School and Park Ridge State High School, respectively, both located in the neighbouring suburb of Park Ridge. 

Munruben offers a peaceful, rural lifestyle with essential amenities accessible in nearby suburbs. The locality features several parks, including Giesemann Park and Jerry's Downfall Reserve, providing residents with recreational spaces. 

The property market in Munruben has experienced growth. The median house price is currently $1,110,000, based on 38 sales in the preceding 12 months. Rental properties have a median weekly rent of $950, indicating a strong demand for housing in the area. 

Munruben offers a blend of rural living with access to essential services, making it an appealing suburb for families and individuals seeking a tranquil environment near Brisbane. 

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