Question 1

Is Murrumbateman a nice place to live?

Accepted Answer

Murrumbateman is a rural service town in the Yass Valley set among rolling pasture and a cluster of vineyards in the Canberra wine region. Its compact village centre has cafes, a pub and basic services, while the surrounding landscape is made up of rural-residential blocks, hobby farms and renovated weatherboard cottages. The suburb is home to 3,607 people, with a median age of 40, and is strongly family-oriented; residents include families, small-scale growers and people who commute or work remotely in Canberra. Homes are overwhelmingly owner-occupied, a combined 93.4% owned outright or with a mortgage.

Life in Murrumbateman tends to be relaxed and outdoors-oriented, with cellar doors, sporting clubs and regular local events, and straightforward road access via the Barton Highway. Recent community investment improved the recreation ground with a new multipurpose amenities building and accessible toilets, and the area also has a new primary school catering for about 370 students. Whether Murrumbateman suits you will depend on whether a settled, rural village lifestyle within commuting reach of Canberra fits what you want.

Question 2

Is it expensive to live in Murrumbateman?

Accepted Answer

Housing costs in Murrumbateman look different depending on whether you rent or buy. A median house price of $1,252,500 is about 7.2 times a typical local annual household income at the last Census (weekly household income $3,348, annualised to $174,096), which places buying well above local incomes. The average house rent of $870 a week is about 26% of a typical local household's weekly income at the last Census, a moderate share. So on these figures, renting appears the less stretched option compared with buying against local incomes at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Murrumbateman a good place to invest?

Accepted Answer

Over the past year in Murrumbateman, house rents rose a solid 7.4% while median house values fell a modest 3.7%. Those two figures show rental income and capital value moved in opposite directions for houses during the year.

If rental income is your primary aim, the 7.4% increase is the number that matters. If capital growth is your priority, the 3.7% decline is the relevant figure. Which of those matters more will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.25M	N/A
Change in value Past 12 months	-3.7%	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	91	N/A
Average rent Past 12 months	$870	N/A
Change in rent Past 12 months	7.4%	N/A

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