Located in Victoria within the Gannawarra local government area, Murrabit is a quiet locality (postcode 3579). With a population of 230, the suburb has a mature demographic with a median age of 52. Households earn a median income of $54K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, technicians & trades. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
The current median weekly rent is $323. The median monthly mortgage repayment is $867.
Murrabit is served by 1 school, including 1 primary. The average ICSEA score is 915, which is below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
From an investment perspective, Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.