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Murchison, VIC 3610

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Murchison, VIC 3610 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

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Rent 

2BR

3BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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.

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0 thoughts on “Murchison, VIC 3610”

  1. The total adult population (15 years or older) of Murchison 3610 VIC is 746, with a median age of 50. Of those, 42.49% are married, 17.56% are divorced or separated, 32.84% are single and 6.97% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,308. The median monthly mortgage repayment for households in this suburb is $1,083 which is 20.40% of their earnings.

    Source: ABS Census Data (2021)

  2. Murchison, postcode 3610, is a suburb tucked away in the verdant landscapes of Victoria, housing approximately 613 households. As of Q3 2023, the property landscape in this pastoral paradise offers great incentives for property investors and buyers.

    Observations indicate that the typical prices for houses in Murchison 3610 average out at an attractive $491,014 with median weekly rents turning out to be $375. This reflects an indicative yield of just under 3.98%, which meets the favourable market requirement and attests to a potentially rewarding prospect for cashflow-centered property investors.

    As for community demographics, Murchison holds an IRSAD score of 912 out of 1217, hinting towards a rather comfortable socio-economic status of the local populace. Moreover, the suburb boasts of a low renter to owner ratio of 17%, falling well within the less risky and favourable range. This low ratio illustrates a market less burdened by rental competition and aligned for steady long-term returns – a favorable marker for property investors. Investors will also find that the units to house ratio in Murchison is 0%, indicating a homely market primarily oriented towards houses.

    Murchison’s affordability index for houses stands at 36 years, exceeding the 30-year marker which indicates a somewhat less affordable market due to variables like typical property prices, median family income and current interest rates.

    In terms of market inventory, Murchison’s stock on market Percentage for houses is at 0.16%, suggesting a favourable low supply. Contrarily, the inventory at this suburb, quantified at 1.71 months, is observed to be favourable, indicative of a brisk market that rapidly accommodates new listings. The building approvals Ratio for houses is also in the favourable margin at 0.33%, indicating low supply.

    With days on market averaging at 128 days, the demand seems to be on the lower side. However, the Vacancy Rate, which encompasses combined houses and units, stands at a favourable low 0.96%, indicative of high housing demand. Yet, the buy search index for houses in Murchison slipped to 3, signalling a modest interest from potential buyers.

    A comprehensive assessment of Murchison’s property market reveals a complex set of parameters that can offer bountiful opportunities falling in the favour of discreet investors. Yet, as with any real estate investment, diligent focus on market trends and meticulous data analysis remains the surefire path to success. For investors looking to simplify this process, the RCS (Relative Composite Score) can offer automated insights based on over 80 crucial metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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