Property value increases in Mccrae have tracked just higher than the VIC average of 8.27% 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 Mccrae has increased when compared to the 5 year average annual rate.
Vendor discounting in Mccrae is giving property investors an average Vendor Discount of around -5.78%. This puts suburb at number 280th in VIC when ranking the most discounted suburbs.
At number 1013 in a list of fastest selling suburbs, Mccrae is in the TOP 30% of suburbs in Australia with an average of days on market 61.65 for properties listed there.
A $382.5 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 7.24%.
Investment property in Mccrae has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.02%