With a capital gain of 17.65% for the last 12 months, Murrumbeena, 3163 has performed for property investments than its average annual 9.74% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Murrumbeena,3163 has racked up an average of 17.65% over the period. This ranks it number 214th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Murrumbeena is giving property investors an average Vendor Discount of around -0.83%. This puts suburb at number 618th in VIC when ranking the most discounted suburbs.
The VIC suburb of Murrumbeena, 3163 is in the Glen Eira local government area.
Over the last year, property investments in Murrumbeena, 3163 have given investors a capital gain of -1.86%. This compares badly with the 4.09% for VIC as a whole.
Murrumbeena,3163 has offered an average of -1.86% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Murrumbeena are currently offering property investors an average price cut of -5.20% below the asking price at the moment.
In the last year 133 properties changed hands in Murrumbeena, which puts it as the 55th most active market in VIC when comparing the number of sales per suburb.