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Murroon, VIC 3243
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$850,000
market range $850K-$1.3M
Median Unit
$760,000
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Murroon
Murroon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Murroon market and investor summary
Murroon (VIC 3243) runs a median house price of $850K, with houses yielding a gross 2.9%.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 122 days on market, so plan for a slower exit if you ever need one.
Living in Murroon: people, income and schools
Murroon has a resident population of roughly 95, a number that has held fairly steady over five years. The median age is 48, skewed a little older, and 76% 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 $77,000 a year, or roughly $1,470 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 95
- +1% over 5yr
- Median age
- 48 years
- Median household income
- $77,000/yr
- Households renting
- 23%
- Family households
- 68%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 1.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Murroon
No properties currently listed in Murroon
Search Murroon listings →Frequently asked questions about Murroon
What should I check before investing in Murroon?
Murroon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Murroon?
The median property price in Murroon, VIC 3243 is $850K for houses and $760K for units.
What rental yield does Murroon show?
The gross rental yield in Murroon is 2.9% for houses and 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Murroon?
Murroon has a population of approximately 95 residents, with a median age of 48.
Is Murroon affordable to buy in?
A median house in Murroon costs about 11.1 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 Murroon's population growing?
The population of Murroon 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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