Suburb Profile Report for Murrumbeena VIC (3163)

Murrumbeena House: Median price $1,532,500, Annual capital growth 6.97%, Number of sales 75, Weekly median advertised rent $583

Murrumbeena Unit: Median price $630,500, Annual capital growth 2.35%, Number of sales 91, Weekly median advertised rent $350

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

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

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$1,532,500 $630,500
4.61% -9.28%
7.43% 1.69%
6.97% 2.35%
$583 $350
75 91
1.98% 2.89%
53.2777777777778 47.3684210526316

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

DSR Score for property investment : Good (H), Above average (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
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