14/2 Dunoon Street, Murrumbeena VIC 3163
14/2 Dunoon Street, Murrumbeena VIC 3163
2 bed 1 bath 1 car | low-rise older unit | commuter pocket near station | renovation upside likely
This unit sits in a quiet, established Murrumbeena pocket where older low-rise apartment stock dominates. The configuration is practical for a first home buyer or investor—compact but functional, with parking included. Its competitive edge is location: walking distance to the station, local cafes, and shops, plus easy access to Chadstone and Monash. The building style suggests solid bones rather than premium finishes, which means the buyer gets entry into a well-connected suburb without paying a premium for new-build presentation. The strongest fit is someone willing to take on cosmetic updates to build equity quickly, or an investor seeking steady rental demand from commuters and small households.
Value may be shaped by the unit’s condition relative to similar stock in the street. If the interior is dated, a modest renovation could lift appeal and rent, but the ceiling for price growth may be limited by the older building’s lack of modern amenities like lift access or secure basement parking. Buyers should weigh the trade-off between a lower entry price and the potential cost of upgrades. The ground-floor position, if applicable, might offer outdoor space or privacy, which could support a slight premium over upper-level units in the same block.
Detailed Independent Property Report prepared by PropCred Analyst team for 14/2 Dunoon Street, Murrumbeena VIC 3163
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Murrumbeena sits 13km southeast of Melbourne, a tree-lined, art-deco suburb rejuvenated by the train station upgrade and sky rail. Demand is driven by 30-39 year-olds—the dominant cohort—with families making up 46.7% of households and 62.9% owner-occupiers. House prices are elevated but directionless: medians range from $1.605m to $1.71m, with annual growth between -3.0% and +5.9%. Units are weaker, with medians from $420k to $661k and declines as steep as -25% annually. Stock turns in 25-38 days, yet sales volume is thin at roughly 62-115 houses a year. Gross yields are modest for houses (2.57%) but stronger for units (4.4-5.3%), which rent for around $500 weekly versus $672-$825 for houses. The infrastructure upgrade and urban renewal underpin future demand, but affordability constraints and rate sensitivity loom given high entry prices and soft unit performance.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 2/32 Dunoon St sold Feb 2026 for $1.05M, 1999-built unit | Property Price Band: $600K–$700K | Value Drivers: condition, floor level, renovation potential, proximity to station
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!