Suburb Profile Report for Murarrie QLD (4172)

Murarrie House: Median price $635,000, Annual capital growth 3.76%, Number of sales 85, Weekly median advertised rent $475

Murarrie Unit: Median price $580,000, Annual capital growth N/A, Number of sales 26, Weekly median advertised rent N/A

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Investment property in Murarrie has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.66%

Comparing Murarrie,4172 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Murarrie, 4172. Typically our figures indicate that -4.78% is being offered, which puts this QLD suburb at 2512th most discounted overall in Australia.

Often selling an investment property can take time, and in Murarrie the average time real estate has been on the market is 52.7105 days.

The QLD suburb of Murarrie, 4172 is in the Brisbane (C) local government area.

Information supplied by:


November 2017

M
O

W
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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.

Metrics i HOUSE UNIT
$635,000 $580,000
0.00% N/A
-1.66% N/A
3.76% N/A
$475 N/A
85 26
3.89% N/A
52.7105263157895 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (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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