At number 1645th 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 6.75% recorded in median house prices.
Over the longer term, Murrumbeena has seen property prices show investors a 48.65% return over the last 3 years. This is worse than over the last 12 months
Murrumbeena3163 is located in VIC which offers an average discount of -6.00% to property investors. Murrumbeena itself is showing figures that indicate -2.22% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $510 and the average annual increase in value of a median property of 9.41%, investors should hope to achieve an overall return of 2.07%
VIC has seen average median house prices change by 2.98% which means that Murrumbeena, 3163 has done well for property investors by showing a capital gain of 4.96% over the last year
Comparing Murrumbeena,3163 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Murrumbeena is giving property investors an average Vendor Discount of around -6.70%. This puts suburb at number 57th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Murrumbeena the average time real estate has been on the market is 61.97 days.