At number 2023th in the list of Australian suburbs ordered by increase in median house value over the last year, Murrumbeena, 3163 is in the top half with a property value increase of 6.97% recorded in median house prices.
Murrumbeena,3163 was ranked 1690 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Murrumbeena is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 450th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Murrumbeena the average time real estate has been on the market is 62 days.
A $580 per week rent on the median house gives suburb investors a gross yield of circa 2.21%, without taking into account capital value appreciation, which has been averaging out at 8.69%.
VIC has seen average median house prices change by 5.66% which means that Murrumbeena, 3163 has done well for property investors by showing a capital gain of 4.09% over the last year
Murrumbeena,3163 has offered an average of 4.09% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Murrumbeena should be aiming for at least -4.20% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.32%, without taking into account capital value appreciation, which has been averaging out at 8.13%.