Suburb Profile Report for Murrumbeena VIC (3163)

Murrumbeena House: Median price $1,407,500, Annual capital growth 7.99%, Number of sales 87, Weekly median advertised rent $550

Murrumbeena Unit: Median price $595,000, Annual capital growth 6.97%, Number of sales 125, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Murrumbeena, 3163 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.23%.

If we look at median property appreciation over just the last three months, Murrumbeena has given property investors a paper return of -0.18%. This puts Suburb as 549 on a list of fastest fasting appreciating suburbs in VIC

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.04% offered to property buyers. Sellers in Murrumbeena itself are offering an average vendor discount of -0.71% to real estate investors.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.03%, without taking into account capital value appreciation, which has been averaging out at 7.99%.

Property value increases in Murrumbeena have tracked close to the VIC average of 8.36% over the last 12 months.

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

At number 144th of VIC’s most discounted properties, Murrumbeena is in the middle of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,407,500 $595,000
-0.18% 3.48%
6.23% 9.17%
7.99% 6.97%
$550 $350
87 125
2.03% 3.06%
40.77 44.91

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
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