Suburb Profile Report for Murtoa VIC (3390)

Murtoa House: Median price $137,500, Annual capital growth 7.60%, Number of sales 28, Weekly median advertised rent $185

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

At number 8th in the list of Australian suburbs ordered by increase in median house value over the last year, Murtoa, 3390 is in the top 10% with a property value increase of 46.28% recorded in median house prices.

Murtoa,3390 was ranked 1222 in Australia by increase in median property value over the quarter.

Property buyers and investors in Murtoa 3390 should be seeing an average reduction in asking price of around -7.05% . This means that Murtoa is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Murtoa the average time real estate has been on the market is 104.375 days.

Murtoa, 3390’s gross rental yield is 7.00%

Metrics	HOUSE	UNIT
Median price	$137,500	N/A
Quarterly growth	3.77%	N/A
12-month growth	46.28%	N/A
Average Annual Growth	7.60%	N/A
Weekly median advertised rent	$185	N/A
Number of sales	28	N/A
Gross rental yield	7.00%	N/A
Days on market	104.375	N/A

DSR Score for property investment : Very good (H), Good (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