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Murrumbeena

Suburb Profile

Murrumbeena - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3163

house
unit
MURRUMBEENA ranks 626th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 6.73% for the past year is higher than average compared to its 10.42% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in MURRUMBEENA, the median home price is sitting at $1,325,000, and the average rent at $600, this suggests property owners could potentially earn a 2.35% increase in gross rental yield.

Property investors have seen a -8.62% drop in MURRUMBEENA based on a decrease 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 5.03% growth over a ten-year period. It ranks 1523rd on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,325,000 $650,900
GROWTH REPORT
Median Quarterly -8.62% 1.7%
Median 12 month 6.73% 18.35%
Median 3 years -4.54% 12.22%
Median 5 years 10.42% 25.12%
10 years average annual 5.03% 4.41%
Weekly media advert. rent $600 $350
Time on Market 37.3 days 42.1 days
Gross Rental Yield Percent 2.35% 2.8%
demographics (median values)
Total Population
8230
Weekly Household Income
1078
Household Size
2.30
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