All About Murtoa, Yarriambiack, VIC, 3390
Murtoa, a quaint town in the Yarriambiack Shire of Victoria, offers a charming and serene lifestyle that appeals particularly to those seeking a quieter pace outside of the bustling cities. The housing market here is characterized by its affordability compared to larger urban areas, providing an enticing option for families, retirees, and individuals looking to invest in property without the hefty price tag. With a mix of historical homes, classic Australian bungalows, and modern builds, the real estate landscape in Murtoa offers a variety of choices to suit different tastes and budgets. The town's housing market remains relatively steady, supported by the appeal of rural living and the potential for solid long-term investment as urban sprawl gradually encourages a move back towards country settings.
Living in Murtoa offers residents a tight-knit community atmosphere, rich in history and culture. The town is known for its iconic structures like the Murtoa Stick Shed, a historical landmark and a testament to the town's agricultural background. With its quiet streets, friendly neighbors, and local events, Murtoa provides a sense of belonging and community rarely found in larger urban locales. Particularly appealing is the beautiful Lake Marma, which offers picturesque surroundings and recreational activities, making it a local favorite for picnics, walks, and fishing. Essential amenities like schools, shops, and healthcare are conveniently located, ensuring comfort and accessibility for its residents. Overall, Murtoa presents an ideal setting for those seeking a peaceful and connected rural lifestyle.
Household Makeup
| Median Weekly Rent | $175.00 |
| Median Monthly Mortgage | $650.00 |
| Median Persons Per bed houseroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 49.00 |
| Average Income | $600.00 |
| Average Cars Per Dwelling | 1.78 |
| Average Properties Within 50M | 5 |
| Typical 1 bed house | $177,000 |
| Typical 2 bed house | $154,000 |
| Typical 3 bed house | $240,000 |
| Typical 4 bed house | $296,000 |
| Typical 5 bed house | $296,000 |
| Typical 6 bed+ house | $269,000 |
Housing Stock
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Murtoa Real Estate Market Outlook
Thinking about buying in Murtoa? Now could not be a better time, with 663 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $211,000 with prices in this suburb ranging from $40,000 to $713,000. The aproximate distance to the coast is 179 Km.
In Murtoa there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Murtoa due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Murtoa changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Murtoa the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationHouses for sale Murtoa
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44-46 Breen Street, Murtoa, VIC, 3390 |  3 |
 2 |
 2 |
$429,000 |
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10 Degenhardt Street, Murtoa, VIC, 3390 | 3 |
1 |
2 |
$375,000 |
Local Schools
Our Lady Help of Christians School
Murtoa College
(While the above schools are located with the suburb of Murtoa there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Murtoa weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| May | 1.1 | 5.7 | 17.5 | 54.5 | 94.5 | 3.4 | 9.7 |
| Jun | 1.2 | 3.9 | 14.3 | 66.7 | 96.5 | 3.3 | 7.9 |
| Jul | 1.5 | 3.8 | 13.8 | 66.0 | 95.0 | 3.8 | 8.2 |
| Aug | 1.2 | 3.8 | 15.1 | 56.4 | 97.3 | 4.1 | 11.3 |
| Sept | 1.6 | 4.9 | 18.2 | 49.2 | 96.1 | 3.8 | 15.5 |
| Oct | 0.7 | 6.0 | 23.1 | 34.0 | 92.4 | 4.2 | 22.0 |
| Nov | 3.5 | 8.8 | 25.8 | 34.2 | 85.9 | 4.3 | 24.2 |
| Dec | 1.3 | 11.3 | 29.5 | 24.0 | 84.7 | 4.7 | 29.5 |
| Jan | 1.3 | 13.0 | 31.2 | 21.3 | 74.4 | 5.0 | 28.2 |
| Feb | 0.7 | 14.0 | 31.2 | 23.7 | 76.5 | 4.5 | 23.9 |
| Mar | 0.8 | 10.9 | 26.7 | 31.3 | 88.2 | 4.1 | 18.2 |
| Apr | 0.9 | 8.2 | 22.2 | 37.9 | 88.4 | 3.8 | 13.6 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Murtoa Golf Club - Less than 10 KM
War Memorial - Less than 5 KM
Nearby Suburbs
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