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Investment Property Murrumbeena, VIC, 3163

Suburb Snapshot

Murrumbeena is a suburb in the Glen Eira Region of Victoria. Murrumbeena has a population of 9,931 people and 34.02% of its occupants live in rental accommodation. The median listing price for houses is $1,600,000 and this has changed 3.09% over the past year and changed 10.34% over 2 years.

The median rent in Murrumbeena for houses is $750 per week and the median rental yield is 2.43%. Stock on the market for houses/townhouses has changed -12.12% compared to last year and the average time to sell a house/townhouse is 62 days.The median listing price for units is $520,000 and this has changed 5.58% over the past year. The average unit takes 62 days to sell and the median rent for a unit in Murrumbeena is $435 per week, producing a rental yield of 4.35%.

Supply & Demand in Murrumbeena, Glen Eira

0.98%

Current vacancy rate


48

Rental stock available


9,931

Population


34.02%

Rental population


1.11%

Current vacancy rate


764

Rental stock available


140,876

Population


30.13%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Murrumbeena, Glen Eira

  House Townhouses Units
Median listing price $1,600,000 $1,220,000 $520,000
Median price change - last quarter 1.45% -3.37% 4.00%
Median price change - 1 year 3.09% -2.40% 5.58%
Median price change - 2 years 10.34% 22.00% 11.82%
  House Townhouses Units
Median weekly rent $750 $825 $435
Median yield % 2.43% 3.51% 4.35%
Median rent change - 1 year 1.35% 17.85% 6.09%
  House Units
Previous month sales 13 7
Stock on market previous month 29 27
Stock variance vs. last year -12.12% -20.59%
Average days on market 62 62

Murrumbeena investment property listings

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