Search

Murrumbeena

The Murrumbeena property market has eased slightly over the past 12 months to February 2020.

There have been 172 properties listed over the past 12 months, while 141 have sold. This compares to 198 listings for the same time last year, and 136 sales.

The current median sales price of a house in Murrumbeena is $1,246,000. This represents a decline of -6.4% over the past 12 months.

The time it takes to sell a house in Murrumbeena is currently 31 days. This timing is 3 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $562,500. Apartment prices have declined by -6.4% over the past 12 months. The time it takes to sell a unit in Murrumbeena is currently 27 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$1,521,500
(20)
$590,000
(106)
2$1,269,500
(34)
$513,000
(11)

Median Sales

House
Unit
$1,330,500

Feb 2019
(12 months)

$1,246,000

Feb 2020
(12 months)

$601,250

Feb 2019
(12 months)

$562,500

Feb 2020
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

66
Feb 2019
(12 months)
64
Feb 2020
(12 months)

-3%

MOVEMENT


70
Feb 2019
(12 months)
77
Feb 2020
(12 months)

10%

MOVEMENT

Number of Listings

 House Listings Unit Listings
61
111
29
Days on Market

Rentals

Rental Yield

2.4%

Median Asking Rent

$577.5
per week

Percentage Rented

HOUSES & UNITS
38.1%

Rental Yield

3.4%

Median Asking Rent

$370
per week

Population

Population
9,928

Family Composition

CHILDLESS COUPLE

38.7%

COUPLES WITH CHILDREN

48.9%

SINGLE PARENTS

9.9%

OTHER

2.6%

Tenure Type

RENTING

38.1%

OWNS OUTRIGHT

28.5%

PURCHASING

31%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Mar 19 - Feb 20 unless otherwise stated. For listings, 1 May 19 - Apr 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.