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Murrabit, VIC 3579
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$685,000
market range $400K-$725K
Median Unit
$395,000
Gross Yield (houses)
3.0%
1yr Growth (houses)
+22.7%
market range +12.5% to +30.0%
Investment snapshot for Murrabit
Murrabit has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Murrabit market and investor summary
Murrabit (VIC 3579) runs a median house price of $685K, with houses yielding a gross 3.0%. House prices have moved +22.7% over the past year. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 360 days on market, so plan for a slower exit if you ever need one.
Living in Murrabit: people, income and schools
About 230 people live in Murrabit, a count that has slipped about 3% over five years. The median age is 52, an older, established demographic, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $54,000 a year, or roughly $1,040 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 12.7 times local household income, so affordability is a genuine constraint on local buyers.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 1 for walkability out of 100.
- Population
- 230
- -3% over 5yr
- Median age
- 52 years
- Median household income
- $54,000/yr
- Households renting
- 9%
- Family households
- 72%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 973
- Unemployment
- 2.4%
- Walk score
- 1/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Murrabit
No properties currently listed in Murrabit
Search Murrabit listings →Frequently asked questions about Murrabit
What should I check before investing in Murrabit?
Murrabit has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +22.7% in the past year shows strong recent price momentum. Tight rental market (0.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Murrabit?
The median property price in Murrabit, VIC 3579 is $685K for houses and $395K for units.
What rental yield does Murrabit show?
The gross rental yield in Murrabit is 3.0% for houses and 2.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Murrabit?
House prices in Murrabit are up 22.7% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Murrabit?
The current vacancy rate in Murrabit is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Murrabit?
Murrabit has a population of approximately 230 residents, with a median age of 52.
What schools are near Murrabit?
There are 1 school within roughly 5km of Murrabit. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Murrabit affordable to buy in?
A median house in Murrabit costs about 12.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Murrabit's population growing?
The population of Murrabit has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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