Mckinnon has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 25.69% to date .
Comparing Mckinnon,3204 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Mckinnon is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 590th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $580 and the average annual increase in value of a median property of 11.63%, investors should hope to achieve an overall return of 1.85%
Property investors who have had real estate in Mckinnon, 3204 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.26%
Across a shorter period, Mckinnon, 3204 has seen a median price increase of -0.48% over the last quarter.
Property buyers and investors in Mckinnon 3204 should be seeing an average reduction in asking price of around -1.36% . This means that Mckinnon is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $440 mark per week – giving a return of 3.39% based on the median price in Suburb