Property value increases in Murrumbeena have tracked just lower than the VIC average of 8.27% over the last 12 months.
Across a shorter period, Murrumbeena, 3163 has seen a median price increase of -0.04% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Murrumbeena, 3163. Typically our figures indicate that -1.70% is being offered, which puts this VIC suburb at 3721th most discounted overall in Australia.
The VIC suburb of Murrumbeena, 3163 is in the Glen Eira local government area.
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 8.30%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Murrumbeena has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Murrumbeena are currently offering property investors an average price cut of -6.11% below the asking price at the moment.
Often selling an investment property can take time, and in Murrumbeena the average time real estate has been on the market is 57.44 days.