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Suburb Insights ยท VIC 3163

Murrumbeena 3163, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Murrumbeena is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 9,996, making it a smaller community. Located approximately 13 km from the Melbourne CBD, Murrumbeena is a outer metro area in Victoria. The median household income is $106,964 AUD per year (ABS 2021 Census).

Investment Score

71 / 100 Good

Strong household incomes in Murrumbeena underpin solid property demand. The short commute to the city centre is a key demand driver.

Location

Map shows Murrumbeena, Victoria, Australia.

Key Indicators

Postcode
3163

Official Australia Post postcode for Murrumbeena. A postcode may cover multiple suburbs.

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Population
9,996

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

ABS Census Data โ†’
Median Rent (weekly)
$386/wk

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

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Median Household Income
$106,964/yr

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

ABS Census Data โ†’
Distance to CBD
13 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
2

Estimated 2 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
4

Estimated 4 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,167/mo

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

ABS Census Data โ†’
Dwelling Type
41% 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

Murrumbeena's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $386/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. A median household income of $106,964/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Murrumbeena could work well with careful property selection and a longer time horizon.

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Rental Yield

Expect competitive but not exceptional rental returns in Murrumbeena's current market.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Murrumbeena property

Full Property Analysis

30-year projections for Murrumbeena

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Strong

Growth in Murrumbeena through 2026 will likely be steady rather than spectacular, tracking the wider market. The rental market in Murrumbeena should see steady occupancy, with moderate upward pressure on rents. Murrumbeena remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is Murrumbeena a good suburb for investment?

Murrumbeena is a outer metro area in Victoria with a population of 9,996. The median rent is $386/week and the median household income is $106,964/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 Murrumbeena?

Key demand drivers in Murrumbeena include affordability relative to inner suburbs and expanding infrastructure. 41% of dwellings are separate houses. The area has approximately 2 schools and 4 parks nearby.

What is the population of Murrumbeena?

According to the ABS 2021 Census, Murrumbeena has a population of approximately 9,996. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Murrumbeena from the Melbourne CBD?

Murrumbeena is approximately 13 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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