Suburb Profile Report for Murtoa VIC (3390)

Murtoa House: Median price $125,000, Annual capital growth 5.19%, Number of sales 27, Weekly median advertised rent $170

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

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

  • House Report

If you compare the increase in value of investment property in Murtoa, 3390 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.69%.

Comparing Murtoa,3390 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -7.37% to buyers in Murtoa at the moment, which is less than average for the rest of VIC.

At number 3254 in a list of fastest selling suburbs, Murtoa is in the bottom 10% of suburbs in Australia with an average of days on market 118.389 for properties listed there.

Using the current median advertised rental of $170 and the average annual increase in value of a median property of 5.19%, investors should hope to achieve an overall return of 7.07%

Metrics i HOUSE UNIT
$125,000 N/A
0.00% N/A
13.69% N/A
5.19% N/A
$170 N/A
27 N/A
7.07% N/A
118.388888888889 N/A

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. 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 991
Median household income ($/weekly) 795
Median age of persons 47
Median housing loan repayment ($/monthly) 789
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 131 13.2
    35-44 years 111 11.2
    45-54 years 142 14.3
    55-64 years 159 16.0
    65-74 years 112 11.3
    Others 337 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 406 56.9
    Not Married 263 36.9
    Defacto Relationship 44 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 900 95.2
    Egypt 3 0.3
    Greece 7 0.7
    Indonesia 3 0.3
    United Kingdom 17 1.8
    Others 15 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 703 77.2
    No Religion 197 21.6
    Other Religious Groups 7 0.8
    Buddhism 4 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 48 13.3
    $400-$599 56 15.5
    $600-$799 53 14.6
    $800-$999 42 11.6
    $1,000-$1,249 39 10.8
    Others 124 34.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 336 44.6
    Employed, worked full-time 244 32.4
    Employed, worked part-time 141 18.7
    Employed, away from work 16 2.1
    Unemployed, looking for work 16 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 88 21.9
    Professionals 69 17.2
    Technicians & trades workers 48 12.0
    Community & personal service workers 40 10.0
    Labourers 55 13.7
    Others 101 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 16 8.1
    Infants/Primary 74 37.4
    Secondary 68 34.3
    Technical or Further Educational Institution 15 7.6
    University or other Tertiary Institutions 15 7.6
    Others 10 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 906 98.1
    Semi-detached, row or terrace house, townhouse 9 1.0
    Flat, unit or apartment 6 0.6
    Caravan, cabin, houseboat 3 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 200 53.1
    Being purchased 94 24.9
    Rented 83 22.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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