Murrumbeena is a quiet achiever in Melbourne’s inner-southeast. Sitting between Carnegie and Glen Huntly on the Frankston Line, the suburb offers period charm, excellent schools and an underrated value proposition relative to its neighbours in 2026.
Murrumbeena Property Market Snapshot 2026
| Metric | Houses | Units |
|---|---|---|
| Median Price | $1.42M | $610,000 |
| Gross Rental Yield | 2.8% | 4.3% |
| 12-Month Growth | +4.6% | +3.4% |
| Median Weekly Rent | $765 | $505 |
| Days on Market | 26 | 21 |
| Vacancy Rate | 1.7% | 2.0% |
GeeVee Investment Score: Murrumbeena
| Factor | Score | Comment |
|---|---|---|
| Rental Yield | 7/10 | Better than Caulfield and Glen Iris |
| Capital Growth | 7/10 | Steady, underrated appreciation |
| Value | 8/10 | More affordable than immediate neighbours |
| Infrastructure | 7/10 | Frankston Line, level crossing works |
| Overall Score | 7.3/10 | Underrated value buy in inner southeast |
Is Murrumbeena a Good Investment in 2026?
Murrumbeena offers better value than Carnegie and Caulfield at $1.42M median. Yields of 2.8% for houses and 4.3% for units are above the inner-southeast average. GeeVee rates it 7.3/10 — a solid entry for buyers priced out of Caulfield who still want inner-southeast fundamentals.
Off-Market Opportunities in Murrumbeena
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Frequently Asked Questions
What is the median house price in Murrumbeena?
The median house price in Murrumbeena is approximately $1.42M in 2026.
Is Murrumbeena a good investment suburb?
Yes. GeeVee rates it 7.3/10. It is an underrated value alternative to Caulfield and Carnegie with similar infrastructure and school access.
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