If you compare the increase in value of investment property in Murrumbeena, 3163 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.60%.
When looking at the potential capital gains offered to property investors over the last 3 years, Murrumbeena comes in at number 33th in VIC.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 2.02%, without taking into account capital value appreciation, which has been averaging out at 9.18%.
At number 673th in the list of Australian suburbs ordered by increase in median house value over the last year, Murrumbeena, 3163 is in the top 40% with a property value increase of 5.35% recorded in median house prices.
A 3.34% growth in median value for property investors in Murrumbeena,3163 puts this suburb at number 53th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Murrumbeena are currently offering property investors an average price cut of -6.45% below the asking price at the moment.
Property investors should expect to get $330 weekly from the median priced house in this suburb.