Over the last year, property investments in Murrumbeena, 3163 have given investors a capital gain of 7.43%. This compares badly with the 14.59% for VIC as a whole.
Over the longer term, Murrumbeena has seen property prices show investors a 7.92% return over the last 3 years. This is worse than over the last 12 months
At number 1763 in a list of fastest selling suburbs, Murrumbeena is just in the top half of suburbs in Australia with an average of days on market 53.2778 for properties listed there.
Renters in Suburb are facing rents around $30290 per annum or $582.5 every week.
Investment property in Murrumbeena 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 1.69%
Taking the average capital gain, or increase in median house value, Murrumbeena,3163 has racked up an average of 1.69% over the period. This ranks it number 984th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.19% offered to property buyers. Sellers in Murrumbeena itself are offering an average vendor discount of -6.46% to real estate investors.
Murrumbeena is 329th on a list of best yielding suburbs for rents in VIC with a 2.89% return