If you compare the increase in value of investment property in Mckinnon, 3204 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.57%.
Mckinnon,3204 was ranked 2336 in Australia by increase in median property value over the quarter.
Property buyers and investors in Mckinnon 3204 should be seeing an average reduction in asking price of around -29.40% . This means that Mckinnon is holding prices well when compared to other suburbs in VIC.
The VIC suburb of Mckinnon, 3204 is in the Glen Eira local government area.
Mckinnon is in the bottom 10% in VIC when comparing median price capital growth over the last year. Mckinnon gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.18%.
The five-year average increase in median property values for Mckinnon,3204 has given property investors a potential capital gain of 9.34% across each of those five years.
Mckinnon, 3204 is offering VIC ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
In the last year 52 properties changed hands in Mckinnon, which puts it as the 171th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Mckinnon being $661501 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.54%