Suburb Profile Report for Mckinnon VIC (3204)

Mckinnon House: Median price $1,657,500, Annual capital growth 10.62%, Number of sales 62, Weekly median advertised rent $613

Mckinnon Unit: Median price $650,000, Annual capital growth 6.40%, Number of sales 53, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Mckinnon, 3204 ranked 35th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mckinnon is one of 2098 in our list for VIC

Mckinnon,3204 was ranked 1644 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Mckinnon are currently offering property investors an average price cut of -25.24% below the asking price at the moment.

Advertised rents are around the $612.5 mark per week – giving a return of 1.92% based on the median price in Suburb

Mckinnon, 3204 ranked 361th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mckinnon is one of 2098 in our list for VIC

While Mckinnon,3204 ranked number 126th in VIC for increase in median house value (annualised) increase, it is ranked 263th over the last 5 years.

Our latest figures would indicate that property sellers in Mckinnon are currently offering property investors an average price cut of -9.31% below the asking price at the moment.

Situated 10.70km from the CBD, Mckinnon is one of Glen Eira localities in the postcode 3204.

HOUSE UNIT
$1,657,500 $650,000
1.69% 1.56%
22.06% -16.67%
10.62% 6.40%
$613 $450
62 53
1.92% 3.60%
76.23 62.76

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5554
Median household income ($/weekly) 1787
Median age of persons 40
Median housing loan repayment ($/monthly) 2024
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 915 16.5
    25-34 years 452 8.1
    35-44 years 941 16.9
    45-54 years 917 16.5
    55-64 years 594 10.7
    Others 1734 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 2111 53.6
    Not Married 1548 39.3
    Defacto Relationship 283 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3720 69.1
    Croatia 193 3.6
    South Africa 103 1.9
    United Kingdom 219 4.1
    Other 433 8.0
    Others 713 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 1.8
    Christianity 2739 52.9
    Hinduism 63 1.2
    Judaism 593 11.5
    No Religion 1633 31.5
    Others 57 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 185 11.1
    $2,000-$2,499 142 8.5
    $2,500-$2,999 255 15.3
    $3,000-$3,499 156 9.4
    $4,000 or more 123 7.4
    Others 806 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1650 39.6
    Not in the labour force 1315 31.6
    Employed, worked part-time 945 22.7
    Employed, away from work 141 3.4
    Unemployed, looking for work 115 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 449 16.4
    Professionals 929 34.0
    Technicians & trades workers 254 9.3
    Clerical & administrative workers 372 13.6
    Sales 284 10.4
    Others 448 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 131 7.9
    Infants/Primary 602 36.4
    Secondary 489 29.6
    Technical or Further Educational Institution 96 5.8
    University or other Tertiary Institutions 303 18.3
    Others 33 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3850 74.0
    Semi-detached, row or terrace house, townhouse 914 17.6
    Flat, unit or apartment 377 7.2
    House or flat attached to a shop, office 60 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 709 38.9
    Fully owned 657 36.1
    Rented 446 24.5
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals