How Much is My Home Worth in Murrumbeena?
The median price for a house in Murrumbeena is $1,300,000 as of March 28, 2019. A median-priced unit is $530,000. There have been 86 houses this year of which 59 were three bedrooms. There was 68 units sold this year. The average annual capital growth for houses is 6.88% and units is 7.67%. The 12-month capital growth is -4.49% on houses and 12.07% for units. The Demand to Supply Ratio or DSR rating has houses and units or apartments as above average. This is a good market for investors. Vendors are usually getting the price they are asking for. As an investment expect the capital growth to marginally trend ahead of the national average.
House prices and rent returns in Murrumbeena.
- 2 bedroom home No Data Rent per week $460
- 3 bedroom home $1,377,500 Rent per week $550
- 4 bedroom home $1,432,500 Rent per week $710
Unit prices and rent returns in Murrumbeena.
- 1 bedroom unit $319,000 Rent per week $295
- 2 bedroom unit $611,250 Rent per week $435
- 3 bedroom unit $907,500 Rent per week $560
The gross rental yield for houses is 2.12% and for units, it is 2.96%. It takes 49 days on average to sell a house and 47 days to sell a unit.
Free Real Estate Appraisal Murrumbeena
Selling your house in Murrumbeena? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location to amenities, schools and shops. Our agents will provide this valuation free of charge.
Free Rental Appraisal Murrumbeena
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 3500 properties. There is no scenario we have not dealt with when it comes to managing real estate. We use the latest software tools to streamline our services. We deal directly with the landlord and keep them up to speed with the rental of their property.
Train Station Murrumbeena
Property Valuation Murrumbeena
For most people, property valuation or appraisal are one and the same. However, if you are required by law to obtain a valuation then you must engage the services of the registered valuer. This will come at a cost to you.
Lifestyle in Murrumbeena
Murrumbeena is located just 13 kilometres south-east of the Meblobourne central business district. This is a leafy established suburb. The Murrumbeena train station operates along the Dandenong railway line. There is a small shopping centre or you can walk to the Chadstone mega shopping complex. At the last Census the registered residents numbered just under 10,000. In the middle of Murrumbeena you will find a park and bowls club.
Schools in Murrumbeena
There are 2 schools in Murrumbeena.
- Murrumbeena Primary School Co-educational
- St Patricks School Co-educational