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Murarrie suburb profile

Murarrie is an inner-eastern Brisbane suburb on the southern bank of the Brisbane River where a working riverside character meets established residential streets. The area mixes timber Queenslanders and older brick homes on leafy streets with newer townhouses and pockets of light industrial sites, reflecting a population of long-term locals, families and people employed in nearby logistics and port-related industries. Murarrie railway station on the Cleveland line and major arterial roads give straightforward links to the city, airport and Port of Brisbane, while riverfront parks and local shops provide everyday recreation and convenience.

Murarrie property market performance

Current median dwelling price$1,103,750Past 3 months

Property growth+15.9%Past 12 months

The suburb has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. The median house price is $1.3 million, up a solid 6.9% over the last 12 months. Reported unit values rose sharply, up 24.8% over the last 12 months, growing more strongly than house values.

Over the last 3 months, 15 houses and 9 units sold. Median days on market over the last 12 months were 16 days for houses and 19 days for units, so they sold in a similar time.

The rental market in Murarrie shows house rents averaging $795 a week, up a solid 6.0% over the last 12 months. Unit rents averaged $600 a week, down a marginal 0.8% over the last 12 months, so house rents grew faster than unit rents.

HousesUnits
Median price
Past 3 months
$1.30MN/A
Change in value
Past 12 months
6.9%24.8%
Sold
Past 3 months
159
Median days on market
Past 12 months
1619
Average rent
Past 12 months
$795$600
Change in rent
Past 12 months
6.0%-0.8%

5 year median price trend for houses and units

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Murarrie demographics

Murarrie is home to 4,946 people, with a median age of 35 and a typical household income of $2,362 a week, roughly $123,000 a year.

The community is largely family-oriented: couple families with children are the largest single group at 42.5%, and together with couple families without children (38.8%) they make up just over eight in ten reported families. One-parent families account for 15.8% and other families 2.9%.

In Murarrie most homes are owner-occupied, with 43.1% owned with a mortgage and 19.9% owned outright, combining to 63.0% owner-occupied, while 37.0% of dwellings are rented.

Suburbs near Murarrie

Some popular suburbs near Murarrie include:

How does Murarrie compare to nearby suburbs?

  • Median house prices: Murarrie’s median house price is 6.6% higher than Tingalpa’s.
  • Median unit prices: Murarrie’s median unit price is 0.3% higher than Cannon Hill’s.
  • House price growth: Property prices in nearby Cannon Hill have risen 10.8% more than in Murarrie over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Murarrie have grown 6.2% higher than in Cannon Hill.
  • Selling speed for houses: Properties in Murarrie are selling 30.4% faster than in Cannon Hill.
  • Selling speed for units: Properties in Murarrie are selling 17.4% faster than in Cannon Hill.
  • Investment considerations: In Murarrie, the rental yield for house is 11.5% higher than the Brisbane average, while the rental yield for units is 8.5% lower.
  • House price growth: Over the past 12 months, house prices in Murarrie have grown 0.3% lower than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Murarrie have grown 7.6% higher than the average rate of growth for units across Brisbane.

Choose the right real estate agents in Murarrie

Choosing the right real estate agent in Murarrie can have a big impact on your sale. While there are 34 real estate agents working in the suburb, but just 5 of them were responsible for 63.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.47% to 3.01%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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