Suburb Profile Report for Mccrae VIC (3938)

Mccrae House: Median price $740,000, Annual capital growth 7.54%, Number of sales 84, Weekly median advertised rent $390

Mccrae Unit: Median price $562,160, Annual capital growth 1.20%, Number of sales 12, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 374th 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 20.33% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Mccrae,3938 has racked up an average of 20.33% over the period. This ranks it number 752th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Mccrae itself are offering an average vendor discount of -5.62% to real estate investors.

Situated 60.49km from the CBD, Mccrae is one of Mornington Peninsula localities in the postcode 3938.

Mccrae is in the TOP 20% in VIC when comparing median price capital growth over the last year. Mccrae gave property investors a very good capital gain figure when compared to the rest of the state, with 15.91%.

Metrics i HOUSE UNIT
$740,000 $562,160
4.23% N/A
20.33% 15.91%
7.54% 1.20%
$390 N/A
84 12
2.74% N/A
72.2 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2543
Median household income ($/weekly) 997
Median age of persons 52
Median housing loan repayment ($/monthly) 1625
Average household size 2.3
  • Census Count Percent(%)
    35-44 years 293 11.5
    45-54 years 366 14.4
    55-64 years 437 17.2
    65-74 years 420 16.5
    75-84 years 239 9.4
    Others 788 31.0
    Age Group
    Census Count Percent(%)
    Registered Married 1025 54.1
    Not Married 657 34.7
    Defacto Relationship 211 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2029 86.7
    Japan 21 0.9
    Papua New Guinea 30 1.3
    United Kingdom 149 6.4
    Other 29 1.2
    Others 83 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1450 65.3
    No Religion 745 33.5
    Buddhism 16 0.7
    Other Religious Groups 7 0.3
    Judaism 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 99 11.2
    $600-$799 108 12.2
    $800-$999 121 13.7
    $1,000-$1,249 90 10.2
    $1,500-$1,999 93 10.5
    Others 374 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 927 44.8
    Employed, worked full-time 598 28.9
    Employed, worked part-time 441 21.3
    Employed, away from work 72 3.5
    Unemployed, looking for work 32 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 130 11.8
    Professionals 223 20.2
    Technicians & trades workers 215 19.4
    Clerical & administrative workers 134 12.1
    Sales 135 12.2
    Others 269 24.3
    Occupation
    Census Count Percent(%)
    Pre-school 25 6.6
    Infants/Primary 143 37.6
    Secondary 108 28.4
    Technical or Further Educational Institution 51 13.4
    University or other Tertiary Institutions 36 9.5
    Others 17 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2145 95.9
    Semi-detached, row or terrace house, townhouse 67 3.0
    Flat, unit or apartment 25 1.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 482 49.5
    Being purchased 314 32.3
    Rented 170 17.5
    Other tenure type 7 0.7
    Tenure Type
Census 2011, ABS
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