AREA REPORTS

Murchison

VIC/
Murchison

Suburb Profile

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

house

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 $217,500.

Profits due to an upward trend in home prices in the suburb averaged 10.61% per annum over a 3-year period.

MURCHISON now ranks at the 650th 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 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 $290 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 MURCHISON, homes and units usually stay on listing for an average of 62.0 days.

In 2016, 14 properties were sold in MURCHISON during the past year, making it the 584th 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 $217,500 N/A
GROWTH REPORT
Median Quarterly -18.69% N/A
Median 12 month -14.54% N/A
Median 3 years 31.82% N/A
Median 5 years 16.94% N/A
10 years average annual 4.29% N/A
Weekly media advert. rent $290 N/A
Time on Market 62.0 days N/A
Gross Rental Yield Percent 6.93% N/A
demographics (median values)
Total Population
1630
Weekly Household Income
728.4
Household Size
2.50
demographics
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