Suburb Profile Report for Mckinnon VIC (3204)

Mckinnon House: Median price $1,650,000, Annual capital growth 11.13%, Number of sales 55, Weekly median advertised rent $580

Mckinnon Unit: Median price $656,001, Annual capital growth 6.78%, Number of sales 55, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$1,650,000 $656,001
5.91% -2.99%
23.18% -11.45%
11.13% 6.78%
$580 $450
55 55
1.83% 3.57%
69 64.33

Source: CoreLogic

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