Murrumba Downs is a well-established suburb in Queensland within the Moreton Bay local government area (postcode 4503). With a population of 10,795, the suburb has an established demographic with a median age of 39. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Murrumba Downs is $800,000, having surged 13.5% over the past year. Units have a median price of $501,000 (+17.2% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,863.
Murrumba Downs is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 1 rail station, 29 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,652 incidents per 100,000 population.
From an investment perspective, Murrumba Downs offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($800K/$1.1M). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +13.5% year-on-year.
Murrumba Downs is a well-established suburb in Queensland within the Moreton Bay local government area (postcode 4503). With a population of 10,795, the suburb has an established demographic with a median age of 39. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Murrumba Downs is $800,000, having surged 13.5% over the past year. Units have a median price of $501,000 (+17.2% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,863.
Murrumba Downs is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 1 rail station, 29 bus stops. The crime rate in the Moreton Bay LGA is moderate at 4,652 incidents per 100,000 population.
From an investment perspective, Murrumba Downs offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($800K/$1.1M). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +13.5% year-on-year.