Murrumbeena Property Growth

Murrumbeena railway station was rebuilt as an elevated station in June 2018 as part of the Caulfield to Dandenong Level Crossing Removal Project, and since the Metro Tunnel's "Big Switch" on 1 February 2026, all Cranbourne and Pakenham line services (including Murrumbeena's) run through the new Metro Tunnel rather than the City Loop, giving direct one-seat access to the new underground Anzac, Town Hall, State Library, Parkville and Arden stations. Bus routes 623, 624, 625, 626, 627, 630, 822 and 900 connect the suburb to Chadstone, Monash University and surrounding areas. Major Roads: Dandenong Road, North Road, Murrumbeena Road, Poath Road and Neerim Road. Train Lines: Cranbourne/Pakenham lines via the Metro Tunnel. Murrumbeena is approximately 13 km from the Melbourne CBD. Verify current timetables and traffic conditions before relying on any commute estimate.

Murrumbeena Primary School — a heritage-listed IB World School authorised for the Primary Years Programme, founded in 1917 — serves Murrumbeena, Carnegie, Hughesdale and East Malvern. St Patrick's Primary School is the local Catholic option. Government secondary students in Murrumbeena are generally zoned to Glen Eira College in Caulfield East, with a small pocket zoned to McKinnon Secondary College — always confirm the applicable zone via the Department of Education's Find My School tool for a specific address. Always verify availability and waitlists directly with providers.

Murrumbeena Village on Neerim Road is a heritage-protected shopping strip dating to the 1880s, with cafes, restaurants and boutique retail clustered around the station. The Djerring Trail — a 17 km shared walking and cycling path built along the elevated rail corridor and completed in 2018 as part of the level crossing removal works — runs through the suburb linking it to Carnegie and Hughesdale. Local green space includes Boyd Park (built along the old Outer Circle railway reserve), Murrumbeena Park, Duncan Mackinnon Reserve and Mallanbool Reserve.

Major Employment Hubs: Murrumbeena sits within a few kilometres of Chadstone Shopping Centre and Monash University's Caulfield campus. Commercial Centres: Neerim Road's Murrumbeena Village is the suburb's own retail and hospitality hub, and is set to gain further retail floorspace through an approved nearby apartment development (see Infrastructure below).

In 2025, the Victorian Government approved (via its Development Facilitation Program) an eight-storey, 110-apartment development on surplus land next to Murrumbeena station freed up by the level crossing removal, which will also include an approximately 800 m² supermarket and three retail tenancies (10% of apartments will be affordable housing); Glen Eira City Council raised concerns about the loss of commuter parking and reduced sunlight to the public plaza as part of that approval. Separately, the State Government's Activity Centre Program Stage 1 plan for Carnegie, Murrumbeena and Hughesdale was gazetted in March 2026, introducing a new Built Form Overlay that generally allows building heights of 6 to 10 storeys in the activity centre core around Murrumbeena station. Check Infrastructure Australia's project pipeline, State Government announcements or the City of Glen Eira's website for the latest updates.

• Metro Tunnel connection — Since February 2026, Murrumbeena's Cranbourne/Pakenham line services run directly through the Metro Tunnel to new underground CBD stations, improving rail accessibility from the suburb.
• Approved activity centre uplift — The Stage 1 Activity Centre Plan (gazetted March 2026) permits 6–10 storey development around the station, alongside an already-approved 110-apartment development with a new supermarket and retail tenancies on former station land.
• Heritage village character — The 1880s Neerim Road shopping strip and the Djerring Trail shared path give Murrumbeena an established lifestyle appeal that supports steady demand.
• Family-suburb housing stock — A dwelling mix weighted toward separate houses and townhouses, combined with proximity to Chadstone and Monash University Caulfield, underpins the suburb's broad buyer appeal.

• Significant unit price volatility — CoreLogic-sourced data shows Murrumbeena unit values fell sharply over the past 12 months even on a solid sales sample, a segment-specific risk investors should weigh against the more stable house market.
• New density supply pipeline — The approved 110-apartment development and the broader 6–10 storey Built Form Overlay could add meaningful new unit supply near the station over coming years, which may put pressure on unit prices and rents.
• Interest rate and lending sensitivity — Like all property markets, Murrumbeena's values and buyer activity are sensitive to changes in interest rates and lending conditions.

• ABS
  Census QuickStats— https://www.abs.gov.au/census
• Local Council
  City of Glen Eira— https://www.gleneira.vic.gov.au/
• Department of Transport Victoria
  Department of Transport and Planning Victoria— https://www.transport.vic.gov.au/
• Victorian Planning Authority
  https://vpa.vic.gov.au/— https://vpa.vic.gov.au/
• Infrastructure Australia
  Project Pipeline— https://www.infrastructureaustralia.gov.au/
• State Government
  Murrumbeena Road Level Crossing Removal— https://bigbuild.vic.gov.au/