An Insight Into: Murrumbeena 3163

Nestled 13 kilometers southeast of Melbourne’s bustling CBD, Murrumbeena offers a tranquil escape from the urban hustle while maintaining convenient access to the city. Boasting a rich tapestry of amenities, educational institutions, and recreational spaces, Murrumbeena is a sought-after locale for families, professionals, and individuals alike. With its tree-lined streets, charming parks, and local cafes, Murrumbeena exudes a welcoming atmosphere that appeals to those seeking a balanced lifestyle. The area’s strong sense of community is further enhanced by its active residents’ association, which organises events and initiatives that bring neighbors together. Murrumbeena’s real estate market reflects its desirability, with a mix of period homes and modern developments that cater to various tastes and lifestyles. For more of an insight into Murrumbeena, please see below. Data sourced from Property Value by CoreLogic.

Housing Market
Over the past 12 months, Murrumbeena has seen a median sale price of $1.7 million, reflecting a 5.17% increase. The median rent stands at $750 per week, making it an attractive option for those looking to settle or invest in the area. The suburb offers a mix of architectural styles, from period homes to modern apartments, catering to diverse preferences and budgets.

Education
Murrumbeena is home to several reputable primary and private schools, including Murrumbeena Primary School, Carnegie Primary School, Oakleigh Primary School, Holy Eucharist School, Oakleigh Grammar, and The Currajong School. These institutions provide quality education and contribute to the suburb’s family-friendly appeal.

Size and Population
Spanning approximately 2.6 square kilometers, Murrumbeena features eight parks, covering nearly 9.6% of the total area. The suburb’s population has shown steady growth, with 8,592 residents in 2011 increasing to 9,928 in 2016, marking a 15.5% rise. The predominant age group is 20-29 years, reflecting a dynamic and youthful community.

Demographics
Murrumbeena’s households primarily consist of couples with children, with a significant portion repaying $1800 – $2399 per month on mortgage repayments. The suburb’s workforce is largely engaged in professional occupations, indicating a vibrant and economically active community. Owner-occupancy rates have remained relatively stable, with 61.7% in 2011 compared to 59.5% in 2016, highlighting the area’s desirability for long-term residents.

Amenities and Lifestyle
This suburb offers a range of amenities, including shopping precincts, cafes, and restaurants, providing residents with convenient access to daily essentials and leisure options. The suburb’s proximity to public transport, including train and bus services, enhances its connectivity to Melbourne’s CBD and surrounding areas.

Parks and Recreation
One of Murrumbeena’s standout features is its abundant green spaces, with eight parks covering nearly 9.6% of the total area. These parks provide residents with a peaceful retreat from urban life and offer facilities for outdoor activities such as picnicking, walking, and sports. The spacious and well-maintained parks contribute to the suburb’s attractive living environment, promoting an active and healthy lifestyle for residents of all ages.

Transport
Murrumbeena enjoys excellent transport links, with the Murrumbeena railway station providing access to Melbourne’s CBD and surrounding suburbs. The suburb is also well-served by bus routes, making it easy for residents to travel within the area and beyond. The convenience of public transport options enhances Murrumbeena’s appeal as a residential destination, particularly for those who commute to the city for work or leisure.

Shopping and Dining
Murrumbeena boasts a vibrant shopping precinct, offering a diverse range of retail outlets, supermarkets, and specialty stores. Residents can easily find everything they need, from daily essentials to unique gifts and homewares. The suburb is also home to an array of cafes, restaurants, and eateries, serving up a variety of cuisines to suit every taste bud. Whether you’re craving a quick coffee or a leisurely meal with friends, Murrumbeena has plenty to offer in terms of dining and entertainment options.

Community Spirit
One of the most appealing aspects of Murrumbeena is its strong sense of community spirit. The suburb is home to various community groups and organisations, which host events and activities throughout the year. These initiatives help foster a sense of belonging among residents and create opportunities for social interaction and networking. Whether you’re new to the area or a long-time resident, you’ll find plenty of ways to get involved and connect with your neighbors in Murrumbeena.

Future Prospects
With its desirable location, strong sense of community, and array of amenities, Murrumbeena is well-positioned for future growth and development. The suburb’s steady population growth and stable housing market indicate sustained demand for property in the area. As Melbourne continues to expand, Murrumbeena’s appeal as a peaceful yet connected suburb is likely to attract more residents and investors seeking a high quality of life.

Murrumbeena stands out as a vibrant and family-friendly suburb, offering residents a peaceful retreat from the city while maintaining convenient access to Melbourne’s CBD. With its strong sense of community, excellent amenities, and abundant green spaces, Murrumbeena provides an ideal setting for those seeking a balanced lifestyle. Whether you’re looking to raise a family, pursue professional opportunities, or simply enjoy a relaxed pace of life, Murrumbeena has something for everyone.

Data Source: Click Here

Click here to see list of Murrumbeena Homes sold by Ray White Carnegie