The post-budget guide to commercial property investing

Murdoch

POSTAL CODE: WA, 6150
HOUSE

Property investors have seen a 20.83% gain in MURDOCH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MURDOCH, 6150 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 27.75%.

Based on its average 5-year and quarterly capital gains MURDOCH, 6150 saw average growth in the long term.

The WA suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,450,000

Profits averaged 17% per annum over a 3-year period, due to an upward trend in home prices in MURDOCH, 6150.

This means, real estate investors could earn a rental income of $862.5 based on current median home prices for the suburb.

The gross rental yield in MURDOCH, 6150 is 3.09%.

An average of 0.92 real estate transactions take place per month in MURDOCH which translates to 11 per annum.

Surburb overview

Murdoch is a southern suburb of Perth, located approximately 12 kilometres from the central business district. It is situated within the City of Melville and is bordered by Leeming, Bateman, and Kardinya. The suburb is well-connected via major roads, including the Kwinana Freeway and South Street.

As of the 2021 Census, Murdoch had a population of 3,352 residents, with a median age of 43. The community is diverse, with a mix of families, students, and professionals. Approximately 59% of residents own their homes, while 18% are renters. The average household size is 2.41 people. The median household income is $1,459 per week.

The Murdoch Train Station on the Mandurah Line facilitates public transportation in Murdoch. It provides direct services to Perth and Mandurah. The station also serves as a bus interchange, connecting routes such as the 206, 207, and 503, facilitating access to surrounding suburbs.

Essential establishments in Murdoch include Murdoch University and South Metropolitan TAFE, which offer a range of educational programs. The suburb is also home to two major hospitals: Fiona Stanley Hospital and St John of God Murdoch Hospital, which provide comprehensive healthcare services.

Recreational activities are abundant in Murdoch. Murdoch Active, located within the university campus, offers fitness facilities and sports programs for students and the community.  Piney Lakes Reserve, situated nearby, features walking trails, picnic areas, and a sensory play park, catering to families and individuals seeking outdoor leisure.

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