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Suburb Insights ยท VIC 3401

Murra Warra 3401, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Murra Warra is a regional centre in Victoria, Australia, with a population of approximately 63, making it a boutique locality. Located approximately 285 km from the Melbourne CBD, Murra Warra is a regional area in Victoria. The median household income is $99,632 AUD per year (ABS 2021 Census).

Investment Score

52 / 100 Moderate

Above-average earnings in Murra Warra support sustained property values. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Murra Warra, Victoria, Australia.

Key Indicators

Postcode
3401

Official Australia Post postcode for Murra Warra. A postcode may cover multiple suburbs.

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Population
63

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$750/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$99,632/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
285 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
82% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Murra Warra serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $750/week (ABS 2021) indicates a premium rental market. Owner-occupiers face a median mortgage repayment of $2,000/month. The median household income of $99,632/year reflects a solid demographic, supporting sustainable rental demand. 82% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Murra Warra offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Strong tenant demand in Murra Warra underpins consistent rental income and low vacancy risk.

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Renovation / Flip

The resale market in Murra Warra may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Murra Warra property

Full Property Analysis

30-year projections for Murra Warra

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Murra Warra faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental pipeline in Murra Warra is thinner โ€” flexible lease terms could help secure tenants faster. The market mood around Murra Warra is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Murra Warra a good suburb for investment?

Murra Warra is a regional area in Victoria with a population of 63. The median rent is $750/week and the median household income is $99,632/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Murra Warra?

Key demand drivers in Murra Warra include regional employment hubs, lifestyle, and affordability. 82% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Murra Warra?

According to the ABS 2021 Census, Murra Warra has a population of approximately 63. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Murra Warra from the Melbourne CBD?

Murra Warra is approximately 285 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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