VIC has seen average median house prices change by 8.06% which means that Mccrae, 3938 has done well for property investors by showing a capital gain of 13.67% over the last year
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.
LACK OF BUYER INTEREST may well be the reason that Mccrae is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 153th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 8.08 sales per month, which equates to 97 per year.
Mccrae is 403th on a list of best yielding suburbs for rents in VIC with a 3.05% return
If we look at median property appreciation over just the last three months, Mccrae has given property investors a paper return of 27.63%. This puts Suburb as 2 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Mccrae should be aiming for at least -0.98% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.