AREA REPORTS

Murchison

Suburb Profile

Murchison - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3610

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MURCHISON, 3610 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 $288,500.

Profits due to an upward trend in home prices in the suburb averaged 23.91% per annum over a 3-year period.

MURCHISON now ranks at the 13th 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 MURCHISON are high, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MURCHISON, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 12 properties were sold in MURCHISON during the past year, making it the 657th 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 $288,500 N/A
GROWTH REPORT
Median Quarterly 13.36% N/A
Median 12 month N/A N/A
Median 3 years 71.73% N/A
Median 5 years 45.34% N/A
10 years average annual 11.93% N/A
Weekly media advert. rent N/A N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
1630
Weekly Household Income
728.4
Household Size
2.50
demographics
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