Over the last year, property investments in Mccrae, 3938 have given investors a capital gain of -5.20%. This compares averagely with the -1.79% for VIC as a whole.
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.
Mccrae, 3938 is offering VIC ‘s 17th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
Situated 60.47km from the CBD, Mccrae is one of Mornington Peninsula (S) localities in the postcode 3938.
If you compare the increase in value of investment property in Mccrae, 3938 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.50%.
If we look at median property appreciation over just the last three months, Mccrae has given property investors a paper return of -0.50%. This puts Suburb as 219 on a list of fastest fasting appreciating suburbs in VIC
With the median price for a house in Mccrae being $700000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 2.90%