Murrumbeena

Murrumbeena, VIC 3163 is a vibrant suburb with a mix of age groups, from young families to older residents. It offers a range of commuting options including easy access to public transport and a high WFH percentage. The suburb has a high ICSEA value, indicating educational advantage for students. With a good mix of occupations, including professionals, managers, and technicians, Murrumbeena fosters a diverse and active community. For house investors, Murrumbeena presents an opportunity in the higher-end market segment with a notable median price, while attracting renovators given the high Sale Price IQR Ratio. The suburb also shows promising potential for capital growth, moderate rental yield, and relatively low vacancy rates. As for unit investors, while the median growth has shown a decline, there is potential for a rebound with a market absorption rate suggesting increasing demand. The high yield and room demand-supply ratio are positive indicators for unit investors. Located in Murrumbeena, VIC 3163 offers residents a lively community with excellent educational facilities and commuting options. Investors in both houses and units can find opportunities for growth and returns, with different investment profiles to suit varying risk appetites. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022