The suburb’s capital gain of 10.97% for the past year is lower than average compared to its 73.15% growth within a five-year period.
Also in MURRUMBEENA, the median home price is sitting at $1,335,000, and the average rent at $555, this suggests property owners could potentially earn a 2.16% increase in gross rental yield.
Property investors have seen a 0.95% gain in MURRUMBEENA based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on MURRUMBEENA, 3163 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.97%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.61% growth over a ten-year period. It ranks 367th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.97%||-0.99%|
|Median 3 years||44.32%||3.68%|
|Median 5 years||73.15%||2.74%|
|10 years average annual||8.61%||7.16%|
|Weekly media advert. rent||$555||$355|
|Time on Market||56.6 days||58.4 days|
|Gross Rental Yield Percent||2.16%||3.52%|