Thinking about buying in Murrumbeena? Now could not be a better time, with 5820 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,411,000 with prices in this suburb ranging from $267,000 to $7,369,000. Murrumbeena is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Murrumbeena Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Murrumbeena driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Murrumbeena ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Murrumbeena provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Murrumbeena necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Houses for sale Murrumbeena

	flat 10, 176 murrumbeena rd, murrumbeena, vic, 3163	1	1	1	For Sale $325,000
	flat 5, 176 murrumbeena rd, murrumbeena, vic, 3163	1	1	1	Auction $275,000-$295,000
	flat 9, 22 murrumbeena rd, murrumbeena, vic, 3163	1	1	1	For Sale Private Sale
	flat 101, 67b poath rd, murrumbeena, vic, 3163	2	2	1	Auction 18 Jun 2022
	unit 2, 34 railway pde, murrumbeena, vic, 3163	3	1	1	790000
	flat 4, 167 murrumbeena rd, murrumbeena, vic, 3163	1	1	1	330000
	23 leura st, murrumbeena, vic, 3163	4	2	2	2275000
	215 murrumbeena rd, murrumbeena, vic, 3163	3	1	2	1195000

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