VIC has seen average median house prices change by 11.00% which means that Mccrae, 3938 has done well for property investors by showing a capital gain of 19.20% over the last year
Comparing Mccrae,3938 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Mccrae 3938 should be seeing an average reduction in asking price of around -6.16% . This means that Mccrae is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 7.93%, investors should hope to achieve an overall return of 2.72%
At number 141th in the list of Australian suburbs ordered by increase in median house value over the last year, Mccrae, 3938 is in the top 10% with a property value increase of 21.88% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mccrae has increased when compared to the 5 year average annual rate.