Murtoa

POSTAL CODE: VIC, 3390
HOUSE

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

Investors saw the median home price rise to $260,000.

Profits due to an upward trend in home prices in the suburb averaged 2.04% per annum over a 3-year period.

MURTOA now ranks at the 2nd 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A 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 N/A.

In 2016, 13 properties were sold in MURTOA during the past year, making it the 651st most active market in VIC based on total real estate transactions.

Surburb overview

Murtoa is a rural town in the Wimmera region of western Victoria, about 300 kilometres north-west of Melbourne and approximately 30 kilometres east of Horsham. Located within Yarriambiack Shire, the town developed as an important grain handling and railway centre and continues to support the surrounding agricultural district. The name Murtoa is believed to be derived from an Aboriginal word meaning "home of the lizard".

According to the 2021 Census, Murtoa had a population of 991 people. The town has an older-than-average population profile, reflecting broader demographic trends across many regional communities, while maintaining a stable base of long-term residents supported by agriculture and local services.

Murtoa is situated on the Western Highway, providing direct road access to Horsham, Melbourne and regional centres across western Victoria. V/Line coach services connect the town with Horsham and other destinations. At the same time, the former railway station remains an important part of the town's heritage despite no longer providing regular passenger rail services.

The township offers a range of essential services, including a P–12 college, childcare facilities, a medical clinic, a pharmacy, a supermarket, a hotel, cafés, and community services. Additional healthcare, higher education, major retail and government services are available in nearby Horsham, around a 25-minute drive away.

Murtoa is well known for its heritage attractions and recreational opportunities. The town is home to the heritage-listed Stick Shed, one of the largest surviving timber-framed buildings in Australia, originally constructed during World War II to store grain. Lake Marma provides facilities for walking, fishing, birdwatching, picnicking and water-based recreation, while local sporting clubs support football, netball, cricket, golf and bowls. Community events held throughout the year contribute to the town's active local culture, and Murtoa also serves as a convenient base for exploring the broader Wimmera region, including nearby sections of the Silo Art Trail.

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