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Murrindindi Shire, VIC

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The Shire of Murrindindi is a local government area in Victoria’s Hume region. The LGA’s property market is made up of mostly farmland and rural properties. The property market is quite stable and there is a good level of demand for properties in the area.

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The pros of living in Murrindindi Shire are the rural lifestyle, the quiet and peaceful atmosphere, and the good level of community spirit. However, there is a lack of facilities and services, and noticeable distance from larger centres.

The shire is home to a range of agricultural businesses, including dairy, beef, sheep, and pork production. There is also a strong forestry industry, with timber plantations and sawmills located throughout the shire.

In Murrindindi, the most frequent vocations are Technicians and Trades Workers (18.3 %), Managers (16.7 %), Professionals (13.7 %), Community and Personal Service Workers (12.3 %), and Labourers (12.2 %).Murrindindi’s typical weekly personal income for persons aged 15 years and above is $553.

The properties vary in size, with some being large farms and others being small acreages. There is a wide range of properties available, including houses, cottages, farms, and land. In Murrindindi, 92.5 % of occupied private residences are detached houses, 2.4 % are semi-detached, row or terrace houses, townhouses, or other buildings, 1.1 % are flats or apartments, and 3.0 % are other dwellings.

If you’re looking to invest in property in the Murrindindi Shire, Victoria, there are a few things you should keep in mind. Firstly, make sure you do your research and find an area that you think will grow in value over time. Secondly, make sure you have a solid investment plan and are prepared to follow it long-term. Finally, always crunch the data before making an investment decision.

Use the interactive dashboard below to help you establish the best suburbs for property investment in Murrindindi Shire.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

Property Market in Murrindindi Shire, VIC

What other property markets are there near Murrindindi Shire, VIC?

Murrindindi Shire is surrounded by 6 other council areas – Strathbogie, Yarra Ranges, Nillumbik, Mansfield, Mitchell, Whittlesea.

How many people live in Murrindindi Shire, VIC?

There are approximately 14000 people living in roughly 8000 dwellings in total, with an average household size of 2.3.

What are current and planned infrastructure projects in Murrindindi Shire, VIC?

Notable infrastructure projects include Blue Gums to Eildon Trail, The Great ARTdoors, Thornton Stormwater Drainage Network Upgrade, Kinglake West Pheasant Creek Streetscape, Communication Preferences Survey and Eildon Splash and Skate Park.

What major retailers are there in Murrindindi Shire, VIC?

The main retail centres are Kinglake Community Foodworks, Eildon Grocer, Wayne Millers Mensland.

What is the main industry in Murrindindi Shire, VIC?

Such sectors as Agriculture, Forestry & Fishing, Education & Training, Accommodation & Food Services, Health Care & Social Assistance, Construction, Retail Trade make up the largest part of the employment.

What are the dominant demographic groups in Murrindindi Shire, VIC?

Among approximately 14000 people in Murrindindi Shire males and females make roughly 51% and 49% respectively. The median age of people is 48 years. Children aged 0-14 years account for approximately 16% of the population, and those aged 65+ years account for 24%.

How is unemployment rate trending in Murrindindi Shire, VIC?

Among approximately 6000 people employed, roughly 54% work full-time, 34% work part-time, and an estimated 5% are unemployed.

Suburbs/localities in this Local Government Area: Glenburn 3717, Gobur 3719, Homewood 3717, Kerrisdale 3660, Killingworth 3717, Kinglake 3763, Kinglake Central 3757, Kinglake West 3757, Koriella 3714, Limestone 3717, Maintongoon 3714, Marysville 3779, Molesworth 3718, Murrindindi 3717, Narbethong 3778, Pheasant Creek 3757, Alexandra 3714, Rubicon 3712, Strath Creek 3658, Taggerty 3714, Taylor Bay 3713, Terip Terip 3719, Thornton 3712, Whanregarwen 3714, Yarck 3719, Yea 3717, Buxton 3711, Acheron 3714, Castella 3777, Cathkin 3714, Caveat 3660, Devils River 3714, Dropmore 3660, Eildon 3713, Fawcett 3714, Ghin Ghin 3717

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