8 Wallace Avenue

Murrumbeena VIC 3163

The size of Murrumbeena is approximately 2.6 square kilometres. It has 8 parks covering nearly 9.6% of total area. The population of Murrumbeena in 2011 was 8,592 people. By 2016 the population was 9,928 showing a population growth of 15.5% in the area during that time. The predominant age group in Murrumbeena is 20-29 years. Households in Murrumbeena are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murrumbeena work in a professional occupation. In 2011, 61.7% of the homes in Murrumbeena were owner-occupied compared with 59.5% in 2016.

Murrumbeena has 5,706 properties. Over the last 5 years, Houses in Murrumbeena have seen a 10.94% increase in median value, while Units have seen a -4.89% decrease. As at 31 January 2025:

• The median value for Houses in Murrumbeena is $1,623,418 while the median value for Units is $572,818.
• Houses have a median rent of $650 while Units have a median rent of $500.