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Murrumbeena
AREA REPORTS

Murrumbeena

Murrumbeena - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3163

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MURRUMBEENA ranks 666th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 6.02% for the past year is higher than average compared to its 23.02% growth within a five-year period.

Also in MURRUMBEENA, the median home price is sitting at $1,550,000, and the average rent at $560, this suggests property owners could potentially earn a 1.88% increase in gross rental yield.

Property investors have seen a 1.14% gain in MURRUMBEENA based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.12% growth over a ten-year period. It ranks 951st on our list of suburbs that property investors should look into.

Data report can be found below

Murrumbeena
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,550,000 $625,250
GROWTH REPORT
Median Quarterly 1.14% -7.71%
Median 12 month 6.02% -2.3%
Median 3 years 11.59% 4.21%
Median 5 years 23.02% 18.87%
10 years average annual 7.12% 2.03%
Weekly media advert. rent $560 $350
Time on Market 49.8 days 53.3 days
Gross Rental Yield Percent 1.88% 2.91%
demographics (median values)*
Total Population
32353
Weekly Household Income
1524
Household Size
2.40
Age
34
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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