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Murrumba Downs suburb profile

Murrumba Downs is a picturesque suburb located in the Moreton Bay Region, approximately 24km north of Brisbane's CBD. Known for its family-friendly atmosphere, the suburb offers a blend of suburban tranquility and modern conveniences. Murrumba Downs is bordered by the North Pine River, providing scenic views and recreational opportunities. The area features a mix of contemporary homes and established residences, catering to diverse lifestyles. With convenient access to major transport routes, including the Bruce Highway and Murrumba Downs train station, residents enjoy easy connectivity to Brisbane and the Sunshine Coast. The suburb's parks, schools, and shopping facilities contribute to its appeal as a desirable place to live.

Murrumba Downs property market performance

Murrumba Downs has experienced significant growth in its property market over the past 12 months. House values have increased by 10.5%, with the median house price now at $940,000. Units have seen an even more dramatic rise, with values surging by 32.3%, bringing the median unit price to $619,714.

Sales activity has been robust, with 35 houses and 16 units sold in the past three months. Properties are moving quickly, with houses spending a median of just 14 days on the market and units 13 days, indicating strong demand in the area.

The rental market in Murrumba Downs has also seen notable increases, with house rents rising by 5.8% and unit rents by 8.2% over the last 12 months. The average rent for houses is now $635, while units average $530, reflecting the area's growing appeal to renters.

Median price - houses$939KPast 3 months

Median price - units$617KPast 3 months

Change in value - houses9.8%12 months

Change in value - units30.3%12 months

Houses sold26Past 3 months

Units sold14Past 3 months

Median DOM - houses14Past 12 months

Median DOM - units13Past 12 months

Average rent - houses$645Past 12 months

Average rent - units$530Past 12 months

Change in rent - houses7.5%Past 12 months

Change in rent - units8.2%Past 12 months

Murrumba Downs demographics

Murrumba Downs, located in Queensland's Moreton Bay Region, offers a suburban lifestyle with a strong sense of community and family orientation. With a population of 10,795 and a median age of 39, the suburb is home to a mix of families, professionals, and retirees who appreciate its balance of urban convenience and natural surroundings. The suburb's proximity to Brisbane makes it an attractive option for those seeking a quieter lifestyle while still being within commuting distance to the city.

The housing landscape in Murrumba Downs is characterized by a high rate of home ownership, with 28.3% of properties owned outright and 43.6% owned with a mortgage. This reflects a stable community with many long-term residents. The rental market, comprising 28.1% of properties, provides options for those seeking flexibility, including young families and professionals. The suburb's family-friendly environment is evident, with 44.9% of households being couple families with children, and 37.2% being couple families without children.

Murrumba Downs is well-serviced by local amenities, including schools, parks, and shopping centers, making it a convenient and appealing place for families. The median total household income of $1827 per week indicates a comfortable standard of living, supported by employment opportunities in nearby commercial hubs. Overall, Murrumba Downs offers a harmonious blend of suburban tranquility and accessibility, making it a desirable location for a diverse range of residents.

Murrumba Downs infrastructure, key developments and investment opportunities

Murrumba Downs is experiencing steady growth and development, with several projects enhancing its appeal. The recently opened Murrumba State Secondary College has improved local education options, potentially attracting more families to the area. Additionally, the completion of the Redcliffe Peninsula railway line in 2016, with a station in neighboring Kallangur, has significantly improved public transport connectivity to Brisbane.

The ongoing expansion of the nearby North Lakes development continues to bring new amenities and job opportunities within easy reach of Murrumba Downs residents. While no major infrastructure projects are currently underway within Murrumba Downs itself, these nearby developments are likely to have a positive impact on property demand and values in the suburb. The area's proximity to the Bruce Highway also remains a key selling point for commuters.

Murrumba Downs rental market trends

The rental market in Murrumba Downs has experienced moderate growth, with house rents increasing by 5.8% over the past year to $635 per week, while unit rents have risen 8.2% to $530 per week. This suburb continues to attract renters and investors alike, thanks to its appealing lifestyle and proximity to key amenities.

Suburbs near Murrumba Downs

Some popular suburbs near Murrumba Downs include:

Common questions about Murrumba Downs

  • Is Murrumba Downs a nice place to live?

    Murrumba Downs is a delightful suburb that offers a serene and family-oriented lifestyle, making it a wonderful place to call home. Nestled in the Moreton Bay Region, it provides a charming blend of suburban tranquility and modern conveniences. The suburb is known for its welcoming community vibe, where families, professionals, and retirees coexist harmoniously. The lush surroundings and proximity to the North Pine River offer residents picturesque views and ample recreational opportunities, perfect for those who enjoy outdoor activities and a peaceful environment.

    Families will find Murrumba Downs particularly appealing due to its excellent local amenities, including well-regarded schools, parks, and shopping centers. The suburb's strategic location ensures easy access to major transport routes, such as the Bruce Highway and Murrumba Downs train station, facilitating convenient commutes to Brisbane and the Sunshine Coast. Safety is generally not a concern, contributing to the suburb's reputation as a secure and family-friendly area.

    While Murrumba Downs offers a fantastic lifestyle, there are some trade-offs to consider. The suburb may not have the bustling nightlife or cultural attractions of inner-city areas, which might be a downside for those seeking a more vibrant social scene. However, the ongoing development in nearby areas like North Lakes continues to bring new amenities and job opportunities within easy reach, enhancing the suburb's appeal.

    Overall, Murrumba Downs is a charming suburb that offers a balanced lifestyle with its suburban tranquility, strong community spirit, and convenient access to urban centers. It is an ideal choice for families and individuals seeking a peaceful yet connected place to live.

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  • Is it expensive to live in Murrumba Downs?

    Living in Murrumba Downs can be considered moderately expensive, especially when compared to other areas in Queensland. The current median house price is $940,000, which is quite substantial. Units are slightly more affordable, with a median price of $619,714. If you're looking to rent, the average rent for houses is about $635 per week, while units average around $530 per week.

    When we look at the earnings, the average wage in Murrumba Downs is $1,939 per week, which is higher than the median total household income of $1,827 per week. This suggests that while the area has a relatively high cost of living, the average income is also above the median, potentially making it more manageable for those earning at this level.

    Overall, if you are thinking of living in Murrumba Downs, it's important to weigh the cost of housing and rent against your income. The suburb offers a pleasant lifestyle, but you'll need to ensure that your financial situation aligns with the expenses associated with living in this area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Murrumba Downs a good place to invest?

    Murrumba Downs is showing promising signs as a solid investment suburb, particularly with its impressive growth in property values over the past year. The median house value has increased by 10.5%, which indicates a healthy demand for houses in the area. Even more striking is the 32.3% rise in median unit values, suggesting a strong interest in more affordable housing options or smaller living spaces, possibly driven by first-time buyers or investors seeking rental properties.

    The rental market in Murrumba Downs is also on the rise, with house rents increasing by 5.8% and unit rents by 8.2% over the last 12 months. This growth in rental prices reflects a robust demand for rental properties, making it an attractive option for investors looking for steady rental income. The suburb's appeal is likely bolstered by its family-friendly environment, access to amenities, and proximity to key transport links, which enhance its desirability for both renters and buyers.

    Overall, Murrumba Downs presents a compelling opportunity for investment, with its strong property value growth and rising rental returns. While the rapid increase in unit values may suggest a competitive market, it also highlights the suburb's potential for future capital appreciation. Investors looking for a suburb with a balanced mix of growth and rental yield should consider Murrumba Downs as a viable option.

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