Murrumbeena, VIC 3163, is a vibrant suburb with a diverse population. The residents span various age groups, with good access to public transport options. The suburb has a high median weekly household income, indicating a financially stable community. The education advantage for students in Government Schools is notably high, standing at the 97th percentile. For Houses, Murrumbeena presents opportunities for investors seeking properties with potential for renovation, given the high Sale Price IQR ratio. With a market absorption rate of 32.4%, there is a strong demand for houses in the area. For Units, the suburb offers a higher rental yield compared to houses, making it attractive for investors looking for rental income. The unit market also shows a high market absorption rate of 34.2%, suggesting good potential for capital growth. Murrumbeena is a suburb that appeals to both homeowners and investors alike. The area's strong demand for housing and rental properties, coupled with the steady population growth, make it a promising location for long-term investment. The presence of a diverse range of occupations and high-income earners enhances the overall desirability of the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022