Property value increases in Murrumbeena have tracked just lower than the VIC average of 8.96% over the last 12 months.
While Murrumbeena,3163 ranked number 527th in VIC for increase in median house value (annualised) increase, it is ranked 59th over the last 5 years.
Property investors looking for a bargain in Murrumbeena should be aiming for at least -1.70% off the asking price, which is the average vendor discount being achieved at the moment.
Murrumbeena, 3163 ranked 188th in VIC when comparing growth in median property values or capital gain over the last 12 months. Murrumbeena is one of 2098 in our list for VIC
Over the longer term, Murrumbeena has seen property prices show investors a 5.61% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Murrumbeena is giving property investors an average Vendor Discount of around -5.65%. This puts suburb at number 111th in VIC when ranking the most discounted suburbs.
In the last year 103 properties changed hands in Murrumbeena, which puts it as the 86th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Murrumbeena, 3163 is in the Glen Eira local government area.