Property value increases in Mckinnon have tracked higher than the VIC average of 7.80% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mckinnon has increased when compared to the 5 year average annual rate.
At number 597th of VIC’s most discounted properties, Mckinnon is in the TOP 10% of the state/territory when listing in order of most discounted to least.
VIC has seen average median house prices change by 3.63% which means that Mckinnon, 3204 has done well for property investors by showing a capital gain of -11.45% over the last year
Over the longer term, Mckinnon has seen property prices show investors a 17.14% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Mckinnon is giving property investors an average Vendor Discount of around -7.27%. This puts suburb at number 36th in VIC when ranking the most discounted suburbs.