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Murtoa

Suburb Profile

Murtoa - FREE 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 23.81% for the past year.

Investors saw the median home price rise to $130,000.

Profits due to an upward trend in home prices in the suburb averaged 6.06% per annum over a 3-year period.

MURTOA now ranks at the 615th 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 $230 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 93.7 days.

In 2016, 28 properties were sold in MURTOA during the past year, making it the 368th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $130,000 N/A
GROWTH REPORT
Median Quarterly -1.89% N/A
Median 12 month 23.81% N/A
Median 3 years 18.18% N/A
Median 5 years 30.07% N/A
10 years average annual 5.25% N/A
Weekly media advert. rent $230 N/A
Time on Market 93.7 days N/A
Gross Rental Yield Percent 9.2% N/A
demographics (median values)
Total Population
911
Weekly Household Income
636.6
Household Size
2.30
demographics
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