Murarrie

Real estate profile

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Location

8km east of Brisbane CBD.

Features

Murarrie rail station, proximity to Gateway Motorway.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $317,800.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $300. The median weekly rent paid for a 2-bedroom unit in this area for the same period was not available.

Profile

Murarrie is 8km east of the Brisbane CBD and is a thriving suburb with many new residential developments.

The suburb also has many older style homes built in the post war period – weatherboard and chamferboard post war cottages in particular. Most of the new estates are made up of typically low set and high set brick and tile homes.

This relatively new development is increasing the population and the median house prices of the suburb. Proximity to the Gateway Motorway makes the suburb convenient for accessing the main routes to the Gold and Sunshine Coasts.

Also convenient is the railway station that runs west to the City and east to Manly and the bay. There are also several bus routes from Murarrie to neighbouring suburbs.

Located in Murarrie is the local State primary school, an RSL club, the Brisbane Polo Grounds and Murarrie Recreation Ground. The main shopping facilities are located in neighbouring Cannon Hill.

Being relatively close to the City, the suburb is assured future popularity and good house price growth.

Part of the suburb is located on the Brisbane River and this area is devoted to commercial maritime operations. The surrounding area is devoted to a light industrial precinct, which is under the flight path.

According to the 2006 Census there were 3,493 people living in the suburb with a median age of 34. The median individual income was $562 per week. Of all occupied private dwellings 59.2% were either fully owned or being purchased; 31.8% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.