Giving property investors a a solid capital gain of 14.13% for the last year, Mckinnon, 3204 is the 701th highest performer in Australia in this respect.
While Mckinnon,3204 ranked number 471th in VIC for increase in median house value (annualised) increase, it is ranked 6th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Mckinnon is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in VIC
Property investors should expect to get $630 weekly from the median priced house in this suburb.
Property investors who have had real estate in Mckinnon, 3204 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.55%
Mckinnon,3204 has offered an average of 1.55% return per annum in house price rises to property investors over the last three years.
At number 12th of VIC’s most discounted properties, Mckinnon is in the bottom 10% of the state/territory when listing in order of most discounted to least.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 5.72%.