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Murtoa
AREA REPORTS

Murtoa

Murtoa - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3390

house

MURTOA, 3390 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling MURTOA, 3390 values up and netting property investors a capital gain of 20.83% for the past year.

Investors saw the median home price rise to $145,000.

Profits due to an upward trend in home prices in the suburb averaged 11.22% per annum over a 3-year period.

MURTOA now ranks at the 25th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MURTOA are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $215 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MURTOA, homes and units usually stay on listing for an average of 25.5 days.

In 2016, 23 properties were sold in MURTOA during the past year, making it the 454th most active market in VIC based on total real estate transactions.

Data report can be found below

Murtoa
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $145,000 N/A
GROWTH REPORT
Median Quarterly 13.28% N/A
Median 12 month 20.83% N/A
Median 3 years 33.67% N/A
Median 5 years 41.12% N/A
10 years average annual 1.89% N/A
Weekly media advert. rent $215 N/A
Time on Market 25.5 days N/A
Gross Rental Yield Percent 7.71% N/A
demographics (median values)*
Total Population
910
Weekly Household Income
915
Household Size
2.30
Age
47
Monthly Loan Repayment
780
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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