Mckinnon, 3204 ranked 578th 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
Comparing Mckinnon,3204 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -16.51% to buyers in Mckinnon at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Mckinnon the average time real estate has been on the market is 44 days.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 9.66%, investors should hope to achieve an overall return of 2.04%
With a capital gain of 25.30% for the last 12 months, Mckinnon, 3204 has performed for property investments than its average annual 6.24% property growth over the last 5 years.
The five-year average increase in median property values for Mckinnon,3204 has given property investors a potential capital gain of 28.71% across each of those five years.
Property buyers and investors in Mckinnon 3204 should be seeing an average reduction in asking price of around -4.43% . This means that Mckinnon is holding prices well when compared to other suburbs in VIC.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.07%, without taking into account capital value appreciation, which has been averaging out at 6.24%.