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City of Glen Eira
Murrumbeena

Murrumbeena Property Market
& Suburb Profile

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MEDIAN PRICES IN MURRUMBEENA

Median house price

(all agencies, last 12 months)$1.7m*

House price change

(all agencies, last 12 months)+1.19%

Median unit price

(all agencies, last 12 months)$663k*

Unit price change

(all agencies, last 12 months)+3.27%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

MURRUMBEENA PRICE TRACKER

HousesUnits

MURRUMBEENA SALES OVERVIEW

  • Sold by Auction 78%
  • Sold by Private Sale or Other Method 22%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)26

Auction clearance rate in Murrumbeena

(all agencies, last 12 months)80%

Average held period in Murrumbeena

(proptrack)16 years

MURRUMBEENA INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$802pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$549pw

Unit rental price change

(all agencies, last 12 months)0.01%

Average rental yield for Houses

(all agencies, last 12 months)2.57%

Average rental yield for Units

(all agencies, last 12 months)4.27%

Murrumbeena total population size

(as at the last census)9,996

Median household size in Murrumbeena

(as at the last census)2.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

MURRUMBEENA PROPERTY TYPES

  • Houses 23%
  • Units 44%
  • Other 33%

OCCUPANCY IN MURRUMBEENA

  • Owned 62%
  • Rented 36%
  • Other/Not Stated 2%
  • Singles 31%
  • Families 65%
  • Other 4%

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ABOUT MURRUMBEENA

Murrumbeena is a premier residential suburb in Melbourne’s inner southeast, located approximately 13 kilometres from the CBD. Known for its wide, leafy streets and a rich mix of architectural styles - ranging from grand Edwardian homes to modern sustainable developments - it has evolved into a highly connected urban village.

Murrumbeena is at the forefront of Melbourne’s urban renewal, serving as a key "Activity Centre" that balances its historic heritage with significant new housing and transport infrastructure.

The lifestyle in Murrumbeena is defined by a blend of suburban tranquility and high-end convenience. The social heart of the suburb is the Murrumbeena Road shopping village, which offers a sophisticated collection of artisanal cafes, wine bars, and independent boutiques. For recreation, residents frequent the expansive Boyd Park and the Murrumbeena Park, which recently underwent major upgrades to its play spaces and sporting pavilions. The suburb is also famous for its connection to the Boyd family of artists, a heritage reflected in the local arts scene and the community-driven creative spirit that permeates the neighborhood.

Significant transformation is currently underway as Murrumbeena has been designated a priority Activity Centre by the State Government in 2025. This program is reshaping the station precinct to support increased housing density, including the recent approval of a major 110-home development fast-tracked to provide affordable and social housing options. These new residences are designed to offer direct pedestrian access to the Murrumbeena Railway Station, further cementing the suburb's "walkable" credentials. The station itself, rebuilt as an elevated hub a few years ago, has "unlocked" over 22 hectares of new linear parkland and shared user paths beneath the tracks, which are now fully matured and integrated into the local landscape.

Education is a central pillar of the community, anchored by the high-performing Murrumbeena Primary School and St Patrick’s Primary School. The suburb also falls within the catchment for several elite secondary colleges in the surrounding region. Connectivity is a major practical asset; the station provides a direct link to the city via the Pakenham and Cranbourne lines. Since the opening of the Metro Tunnel in late 2025, Murrumbeena residents now benefit from a "turn-up-and-go" service that provides faster, direct access to new underground stations at Town Hall, State Library, and the Parkville medical and university precinct.

From a property perspective, Murrumbeena is an exclusive and resilient market that caters to established families and young professional. Murrumbeena continues to be one of the most sought-after and stable residential enclaves in Melbourne’s southeast.

Education

Murrumbeena Primary School
St Patrick's School
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SALES COMPARISON

Find out how Murrumbeena median sales prices compare to neighbouring suburbs.

MURRUMBEENA MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025246$1,159,9721.19%387$676pw3.42%
2024218$1,153,125-0.79%414$648pw3.51%
2023215$1,145,7504.12%371$628pw3.19%
2022202$1,114,500-4.93%576$549pw2.89%
2021251$1,145,25020.73%594$482pw2.40%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025246$1,159,972+1.19%
2024218$1,153,125-0.79%
2023215$1,145,750+4.12%
2022202$1,114,500-4.93%
2021251$1,145,250+20.73%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025387$676pw3.42%
2024414$648pw3.51%
2023371$628pw3.19%
2022576$549pw2.89%
2021594$482pw2.40%

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.