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Murrayville, VIC 3512
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$280,000
list-price estimate
Median Unit
$260,000
Gross Yield
-
1yr Growth
-
Investment snapshot for Murrayville
Murrayville has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Murrayville market and investor summary
Murrayville sits in VIC, postcode 3512. At 5.6% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 5.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 99 days on market, so plan for a slower exit if you ever need one.
Living in Murrayville: people, income and schools
Murrayville is home to around 278 people, a number that has held fairly steady over five years. At a median age of 50, it reads as an older, established demographic, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $57,000 a year (about $1,100 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 7 for walkability and 1 for transit out of 100.
- Population
- 278
- +1% over 5yr
- Median age
- 50 years
- Median household income
- $57,000/yr
- Households renting
- 10%
- Family households
- 60%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 991
- Unemployment
- 1.3%
- Walk score
- 7/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Murrayville
View all →Frequently asked questions about Murrayville
What should I check before investing in Murrayville?
Murrayville has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Murrayville?
The median property price in Murrayville, VIC 3512 is $260K for units.
How tight is the rental market in Murrayville?
The current vacancy rate in Murrayville is 5.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Murrayville?
Murrayville has a population of approximately 278 residents, with a median age of 50.
What schools are near Murrayville?
There are 1 school within roughly 5km of Murrayville. 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 Murrayville's population growing?
The population of Murrayville has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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