Investment property in Mccrae has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.21%
While Mccrae,3938 ranked number 393th in VIC for increase in median house value (annualised) increase, it is ranked 316th over the last 5 years.
Property investors looking for a bargain in Mccrae should be aiming for at least -8.21% off the asking price, which is the average vendor discount being achieved at the moment.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 2.75%, without taking into account capital value appreciation, which has been averaging out at 6.62%.
At number 1406th in the list of Australian suburbs ordered by increase in median house value over the last year, Mccrae, 3938 is in the BOTTOM 10% with a property value increase of -13.72% recorded in median house prices.
Over the longer term, Mccrae has seen property prices show investors a 1.45% return over the last 3 years. This is worse than over the last 12 months
In the last year 13 properties changed hands in Mccrae, which puts it as the 344th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $445 weekly from the median priced house in this suburb.