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%.