If you compare the increase in value of investment property in Mccrae, 3938 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.83%.
Mccrae,3938 has offered an average of 18.83% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mccrae, 3938. Typically our figures indicate that -5.50% is being offered, which puts this VIC suburb at 2151th most discounted overall in Australia.
At number 1220 in a list of fastest selling suburbs, Mccrae is in the TOP 40% of suburbs in Australia with an average of days on market 64.93 for properties listed there.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 8.03%, investors should hope to achieve an overall return of 2.82%
Mccrae has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.78% to date .
The five-year average increase in median property values for Mccrae,3938 has given property investors a potential capital gain of 18.96% across each of those five years.