Suburb Profile Report for Murrumbeena VIC (3163)

Murrumbeena House: Median price $1,380,000, Annual capital growth 8.38%, Number of sales 80, Weekly median advertised rent $560

Murrumbeena Unit: Median price $580,000, Annual capital growth 7.45%, Number of sales 112, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Murrumbeena is in the bottom 40% in VIC when comparing median price capital growth over the last year. Murrumbeena gave property investors a disappointing capital gain figure when compared to the rest of the state, with 8.15%.

Taking the average capital gain, or increase in median house value, Murrumbeena,3163 has racked up an average of 8.15% over the period. This ranks it number 761th in the whole country for real estate investors looking at median house price increases.

Murrumbeena, 3163’s gross rental yield is 2.11%

With a capital gain of 10.37% for the last 12 months, Murrumbeena, 3163 has performed for property investments than its average annual 7.45% property growth over the last 5 years.

Across a shorter period, Murrumbeena, 3163 has seen a median price increase of 7.11% over the last quarter.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

Metrics i HOUSE UNIT
$1,380,000 $580,000
-1.43% 7.11%
8.15% 10.37%
8.38% 7.45%
$560 $350
80 112
2.11% 3.14%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 8592
Median household income ($/weekly) 1354
Median age of persons 36
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 947 11.0
    25-34 years 1559 18.1
    35-44 years 1423 16.6
    45-54 years 1172 13.6
    55-64 years 855 10.0
    Others 2636 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 3255 48.8
    Not Married 2863 42.9
    Defacto Relationship 553 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5451 65.4
    Croatia 396 4.8
    Indonesia 515 6.2
    United Kingdom 291 3.5
    Other 519 6.2
    Others 1159 13.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 277 3.5
    Christianity 4526 56.7
    Hinduism 419 5.3
    Judaism 323 4.0
    No Religion 2248 28.2
    Others 187 2.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 269 8.5
    $1,000-$1,249 312 9.8
    $1,500-$1,999 356 11.2
    $2,000-$2,499 277 8.7
    $2,500-$2,999 329 10.4
    Others 1634 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2972 43.2
    Not in the labour force 2003 29.1
    Employed, worked part-time 1458 21.2
    Employed, away from work 236 3.4
    Unemployed, looking for work 217 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 633 13.6
    Professionals 1518 32.5
    Technicians & trades workers 482 10.3
    Clerical & administrative workers 785 16.8
    Sales 458 9.8
    Others 795 17.0
    Occupation
    Census Count Percent(%)
    Pre-school 176 8.3
    Infants/Primary 642 30.2
    Secondary 458 21.5
    Technical or Further Educational Institution 161 7.6
    University or other Tertiary Institutions 616 28.9
    Others 75 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5245 63.7
    Flat, unit or apartment 1870 22.7
    Semi-detached, row or terrace house, townhouse 1089 13.2
    House or flat attached to a shop, office 32 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1252 36.7
    Being purchased 1075 31.5
    Fully owned 1074 31.4
    Other tenure type 15 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals