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Murrawee, VIC 3586

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$645,000

Median Unit

$390,000

Gross Yield

-

1yr Growth

-

Investment snapshot for Murrawee

Murrawee has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Murrawee market and investor summary

Murrawee (VIC 3586) runs a median house price of $645K. At 1.6% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.

Living in Murrawee: people, income and schools

Murrawee has a resident population of roughly 126, a number that has held fairly steady over five years. The median age is 41, skewed a little older, and 89% 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 $81,000 a year, or roughly $1,560 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 7.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 27% over five years, which tends to underpin what local buyers can pay.

There are 2 schools within about 5km, testing close to the national school average on ICSEA.

Population
126
+0% over 5yr
Median age
41 years
Median household income
$81,000/yr
Households renting
11%
Family households
76%
Socio-economic rank
6/10
ABS advantage index
Schools within 5km
2
avg ICSEA 978
Unemployment
1.6%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Murrawee

No properties currently listed in Murrawee

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Frequently asked questions about Murrawee

What should I check before investing in Murrawee?

Murrawee has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% 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 Murrawee?

The median property price in Murrawee, VIC 3586 is $645K for houses and $390K for units.

How tight is the rental market in Murrawee?

The current vacancy rate in Murrawee is 1.6%. 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 Murrawee?

Murrawee has a population of approximately 126 residents, with a median age of 41.

What schools are near Murrawee?

There are 2 schools within roughly 5km of Murrawee. 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 Murrawee affordable to buy in?

A median house in Murrawee costs about 7.9 times the median local household income (broadly in line with metropolitan Australia). 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 Murrawee's population growing?

The population of Murrawee has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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