Question 1

Is Murrumbeena a nice place to live?

Accepted Answer

Murrumbeena is an inner-south-eastern suburb with a quietly village feel. Tree-lined streets host interwar and post-war cottages alongside pockets of contemporary apartments, and the suburb attracts families and professionals who value local conveniences. Cafés, bakeries and independent shops cluster around Murrumbeena Village and the train station, while small parks, playing fields and community facilities provide options for active weekends.

The community of 9,996 has a median age of 37 and is weighted towards families, with most homes owner-occupied. Reliable public transport and road links connect residents to nearby precincts, and council and state projects have reshaped the area, including an elevated rail alignment, a new station and a two-storey community hub with meeting rooms, a 140-seat function room, accessible amenities and sports change rooms. Whether Murrumbeena suits you will come down to whether you want a calm, local-centred suburb with easy access to urban amenities.

Question 2

Is it expensive to live in Murrumbeena?

Accepted Answer

With a typical local household earning $2,057 a week at the last Census, housing costs in Murrumbeena (3163) sit differently for renters and buyers. A median house price of $1,575,000 is about 14.7 times a typical local annual household income at the last Census, while a median unit price of $622,500 is about 5.8 times that annual income.

On the rental side, an average house rent of $800 a week would take roughly 38.9% of a typical local household's weekly income at the last Census, a sizeable share, while an average unit rent of $475 a week would take about 23.1%, a moderate share. Which of these feels expensive will depend on your own income and circumstances.

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 Murrumbeena a good place to invest?

Accepted Answer

Murrumbeena's recent figures show a clear divergence between houses and units. Median house values rose a modest 3.8% over the past 12 months, while median unit values fell sharply, down 14.5%. At the same time unit rents increased a solid 5.6% over the year, so if rental income is your primary concern the unit rent movement is the most relevant number here.

Put simply, the past year brought modest capital growth for houses, a large fall in unit values and solid rent growth for units; whether that combination fits your investment objectives depends 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	$1.57M	$623K
Change in value Past 12 months	3.8%	-14.5%
Sold Past 3 months	23	20
Median days on market Past 12 months	43	50
Average rent Past 12 months	$800	$475
Change in rent Past 12 months	N/A	5.6%

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