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Murray, QLD 4814
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$865,000
Median Unit
$480,000
Gross Yield (houses)
3.5%
1yr Growth
-
Investment snapshot for Murray
Murray has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Murray market and investor summary
Murray (QLD 4814) runs a median house price of $865K, with houses yielding a gross 3.5%. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Murray: people, income and schools
Murray has a resident population of roughly 1,739, a number that has held fairly steady over five years. The median age is 22, younger than the national median, and families account for 70% of households.
Households here earn a median of about $69,000 a year, or roughly $1,330 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 a steep 12.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
There are 35 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 17 for walkability and 30 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 1,739
- +3% over 5yr
- Median age
- 22 years
- Median household income
- $69,000/yr
- Households renting
- 38%
- Family households
- 70%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 35
- avg ICSEA 1014
- Unemployment
- 4.0%
- Walk score
- 17/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Murray
No properties currently listed in Murray
Search Murray listings →Frequently asked questions about Murray
What should I check before investing in Murray?
Murray has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.5%, giving a stronger rent-to-price starting point than many suburbs. 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 Murray?
The median property price in Murray, QLD 4814 is $865K for houses and $480K for units.
What rental yield does Murray show?
The gross rental yield in Murray is 3.5% for houses and 5.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Murray?
The current vacancy rate in Murray 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 Murray?
Murray has a population of approximately 1,739 residents, with a median age of 22.
What schools are near Murray?
There are 35 schools within roughly 5km of Murray. 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 Murray affordable to buy in?
A median house in Murray costs about 12.6 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 Murray's population growing?
The population of Murray has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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