VIC has seen average median house prices change by 4.41% which means that Mckinnon, 3204 has done well for property investors by showing a capital gain of 7.82% over the last year
While Mckinnon,3204 ranked number 266th in VIC for increase in median house value (annualised) increase, it is ranked 568th over the last 5 years.
Often selling an investment property can take time, and in Mckinnon the average time real estate has been on the market is 71.5833 days.
Using the current median advertised rental of $680 and the average annual increase in value of a median property of 6.20%, investors should hope to achieve an overall return of 2.26%
With a capital gain of 2.59% for the last 12 months, Mckinnon, 3204 has performed for property investments than its average annual 3.35% property growth over the last 5 years.
A 3.27% growth in median value for property investors in Mckinnon,3204 puts this suburb at number 178th in terms of best performing suburbs in VIC
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 Mckinnon, 3204. Typically our figures indicate that -3.32% is being offered, which puts this VIC suburb at 949th most discounted overall in Australia.
With the median price for a house in Mckinnon being $762100 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.75%