Suburb Profile Report for Murrumbateman NSW (2582)

Murrumbateman House: Median price $895,000, Annual capital growth 3.57%, Number of sales 68, Weekly median advertised rent $608

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

Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

At number 3302th in the list of Australian suburbs ordered by increase in median house value over the last year, Murrumbateman, 2582 is in the BOTTOM 30% with a property value increase of 3.02% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Murrumbateman has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.73% offered to property buyers. Sellers in Murrumbateman itself are offering an average vendor discount of -4.24% to real estate investors.

In the last year 68 properties changed hands in Murrumbateman, which puts it as the 508th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $607.5 mark per week – giving a return of 3.53% based on the median price in Suburb

Metrics i HOUSE UNIT
$895,000 N/A
-0.28% N/A
3.02% N/A
3.57% N/A
$608 N/A
68 N/A
3.53% N/A
97.4 N/A

Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2846
Median household income ($/weekly) 2442
Median age of persons 37
Median housing loan repayment ($/monthly) 2600
Average household size 3
  • Census Count Percent(%)
    5-14 years 499 17.5
    25-34 years 252 8.9
    35-44 years 522 18.3
    45-54 years 479 16.8
    55-64 years 372 13.1
    Others 723 25.4
    Age Group
    Census Count Percent(%)
    Registered Married 1231 64.0
    Not Married 475 24.7
    Defacto Relationship 216 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2302 85.6
    Greece 18 0.7
    Papua New Guinea 29 1.1
    United Kingdom 172 6.4
    Other 58 2.2
    Others 111 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.4
    Christianity 1773 67.9
    Islam 6 0.2
    Other Religious Groups 18 0.7
    No Religion 798 30.6
    Others 4 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 103 13.0
    $2,000-$2,499 114 14.4
    $2,500-$2,999 118 14.9
    $3,000-$3,499 102 12.9
    $4,000 or more 100 12.7
    Others 253 32.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1055 51.9
    Not in the labour force 445 21.9
    Employed, worked part-time 394 19.4
    Employed, away from work 103 5.1
    Unemployed, looking for work 34 1.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 305 19.7
    Professionals 403 26.0
    Technicians & trades workers 190 12.2
    Community & personal service workers 127 8.2
    Clerical & administrative workers 299 19.3
    Others 228 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 78 9.9
    Infants/Primary 324 41.0
    Secondary 232 29.3
    Technical or Further Educational Institution 50 6.3
    University or other Tertiary Institutions 93 11.8
    Others 14 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2592 99.6
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 4 0.2
    Semi-detached, row or terrace house, townhouse 3 0.1
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 561 64.5
    Fully owned 242 27.8
    Rented 67 7.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table