Suburb Profile Report for Murtoa VIC (3390)

Murtoa House: Median price $108,750, Annual capital growth 5.63%, Number of sales 18, Weekly median advertised rent $190

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic What is the right investment loan for you? Find out now

House Report

At number 3566th in the list of Australian suburbs ordered by increase in median house value over the last year, Murtoa, 3390 is in the BOTTOM 20% with a property value increase of -5.43% recorded in median house prices.

Property investors looking for a bargain in Murtoa should be aiming for at least -9.60% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.

With the median price for a house in Murtoa being $108750 and the advertised rent reaching $190 the gross rental yield for property investors calculates out to be 9.09%

Metrics	HOUSE	UNIT
Median price	$108,750	N/A
Quarterly growth	N/A	N/A
12-month growth	-5.43%	N/A
Average Annual Growth	5.63%	N/A
Weekly median advertised rent	$190	N/A
Number of sales	18	N/A
Gross rental yield	9.09%	N/A
Days on market	120.07	N/A

Source: CoreLogic

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