Suburb Profile Report for Murarrie QLD (4172)

Murarrie House: Median price $633,500, Annual capital growth 3.34%, Number of sales 68, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

QLD has seen average median house prices change by 2.47% which means that Murarrie, 4172 has done well for property investors by showing a capital gain of 4.54% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Murarrie comes in at number 292th in QLD.

Property investors looking for a bargain in Murarrie should be aiming for at least -4.00% off the asking price, which is the average vendor discount being achieved at the moment.

Information supplied by:


November 2017

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Murrarie’s house market has grown over the last three years, with the median price increasing 16.7%Full summary

Prices slip in river suburb

Postcode: 4172

Median house price: $604,500

Three-year growth: 16.7%

Rental yield: 3.9%

Murrarie’s house market has grown over the last three years, with the median price increasing 16.7%.

Murarrie is a residential and industrial suburb on the southern banks of the Brisbane River. While a yearly growth rate of -0.7% has been recorded in the last 12 months, Murarrie remains a popular suburb with a strong track record of long-term capital growth.

Bordering the Gateway Bridge and just 15 minutes’ drive from Brisbane’s CBD, Murarrie is a reasonably sized community of nearly 4,000 people. The suburb contains everything you need to call it home, with local facilities including childcare centres, shopping malls and several primary schools. It’s also where two popular Brisbane newspapers – the Courier Mail and Sunday Mail – are printed.

The median house price in Murarrie is $604,500, and with plenty of public transport options Murarrie is an affordable choice for landlords seeking a family home investment.

Close
Metrics i HOUSE UNIT
$633,500 N/A
2.18% N/A
4.54% N/A
3.34% N/A
$450 N/A
68 N/A
3.69% N/A
52.6 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3957
Median household income ($/weekly) 1806
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 462 11.7
    25-34 years 740 18.7
    35-44 years 673 17.0
    45-54 years 558 14.1
    55-64 years 408 10.3
    Others 1117 28.2
    Age Group
    Census Count Percent(%)
    Registered Married 1333 45.1
    Not Married 1259 42.6
    Defacto Relationship 364 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2790 74.8
    Papua New Guinea 193 5.2
    South Africa 49 1.3
    United Kingdom 184 4.9
    Other 136 3.6
    Others 377 10.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 78 2.2
    Christianity 2447 68.2
    Hinduism 67 1.9
    Islam 26 0.7
    No Religion 944 26.3
    Others 28 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 108 8.7
    $1,500-$1,999 185 14.8
    $2,000-$2,499 132 10.6
    $2,500-$2,999 157 12.6
    $3,000-$3,499 114 9.1
    Others 551 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1541 51.2
    Not in the labour force 695 23.1
    Employed, worked part-time 522 17.4
    Employed, away from work 132 4.4
    Unemployed, looking for work 117 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 332 15.1
    Professionals 516 23.5
    Technicians & trades workers 259 11.8
    Clerical & administrative workers 354 16.1
    Labourers 202 9.2
    Others 533 24.3
    Occupation
    Census Count Percent(%)
    Pre-school 55 6.5
    Infants/Primary 313 36.8
    Secondary 191 22.4
    Technical or Further Educational Institution 70 8.2
    University or other Tertiary Institutions 188 22.1
    Others 34 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3406 89.9
    Semi-detached, row or terrace house, townhouse 337 8.9
    Flat, unit or apartment 29 0.8
    Caravan, cabin, houseboat 18 0.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 598 43.5
    Rented 449 32.7
    Fully owned 323 23.5
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals