Murchison is a small community in Victoria within the Greater Shepparton local government area (postcode 3610). With a population of 884, the suburb has a mature demographic with a median age of 50. Households earn a median income of $50K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Murchison is $340,000, having dropped significantly 24.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,083.
Murchison is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Greater Shepparton LGA is higher than average at 14,955 incidents per 100,000 population.
From an investment perspective, Murchison offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($340K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -24.4% year-on-year.
Murchison is a small community in Victoria within the Greater Shepparton local government area (postcode 3610). With a population of 884, the suburb has a mature demographic with a median age of 50. Households earn a median income of $50K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Murchison is $340,000, having dropped significantly 24.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,083.
Murchison is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Greater Shepparton LGA is higher than average at 14,955 incidents per 100,000 population.
From an investment perspective, Murchison offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($340K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -24.4% year-on-year.