Suburb Profile Report for Mckinnon VIC (3204)

Mckinnon House: Median price $1,677,750, Annual capital growth 9.89%, Number of sales 66, Weekly median advertised rent $650

Mckinnon Unit: Median price $677,000, Annual capital growth 4.92%, Number of sales 57, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

Mckinnon is an average performer in VIC when comparing median price capital growth over the last year. Mckinnon gave property investors a average capital gain figure when compared to the rest of the state, with 9.66%.

While Mckinnon,3204 ranked number 475th in VIC for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.

Vendor discounting in Mckinnon is giving property investors an average Vendor Discount of around -10.26%. This puts suburb at number 37th in VIC when ranking the most discounted suburbs.

Advertised rents are around the $650 mark per week – giving a return of 2.01% based on the median price in Suburb

With a capital gain of 6.61% for the last 12 months, Mckinnon, 3204 has performed for property investments than its average annual 4.92% property growth over the last 5 years.

Mckinnon,3204 was ranked 1395 in Australia by increase in median property value over the quarter.

At number 5th of VIC’s most discounted properties, Mckinnon is in the bottom 10% of the state/territory when listing in order of most discounted to least.

The VIC suburb of Mckinnon, 3204 is in the Glen Eira local government area.

Metrics i HOUSE UNIT
$1,677,750 $677,000
1.22% -2.45%
9.66% 6.61%
9.89% 4.92%
$650 $460
66 57
2.01% 3.53%
50.64 71.12

Source: CoreLogic

DSR Score for property investment : Good (U), Balanced (H)
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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