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Mckinnon

POSTAL CODE: VIC, 3204
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Based on its average 5-year and quarterly capital gains MCKINNON, 3204 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MCKINNON, 3204 obtained a 3.01% growth over a ten-year period. It ranks 3402nd on our list of suburbs that property investors should look into.

MCKINNON, 3204 in VIC belongs to the local government area of Glen Eira.

MCKINNON, 3204 has a capital gain of 3.09% for the past year, which is higher than average compared to its 8.65% growth within a five-year period.

With the median home price in MCKINNON sitting at $1,866,000, and the average rent at $1040, property owners could potentially earn a 2.9% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MCKINNON are low, as opposed to average gains per annum over the past five years.

Surburb overview

McKinnon is a suburb in Melbourne, located about 12 kilometres south-east of the central business district within the City of Glen Eira. It is a small, established residential suburb known for its relatively high demand, due to its access to education and transport, and its proximity to inner-south-eastern activity centres.

The suburb has a population of around 6,000 residents, with a demographic profile that includes families, professionals and a notable proportion of school-aged households. Housing in McKinnon consists of detached period homes, post-war dwellings, and an increasing number of townhouses and low-rise apartment developments reflecting ongoing urban consolidation.

Public transport is a key feature of the suburb, with McKinnon railway station located on the Frankston line, providing regular services to Melbourne’s CBD. Bus routes operate through the area, connecting residents to surrounding suburbs and major destinations.

Road access is supported by nearby arterial routes such as North Road and Nepean Highway, facilitating travel across the metropolitan area. Local retail activity is centred around small shopping strips near the station, while larger commercial precincts are accessible in neighbouring Bentleigh and Ormond.

McKinnon is particularly associated with educational facilities, including McKinnon Secondary College, which influences residential demand and school zoning patterns. The suburb also includes parks and recreational spaces, such as Wattle Grove Reserve, which provide areas for sport and passive recreation. Community facilities, childcare services and local amenities support day-to-day living within a compact suburban environment.

McKinnon developed primarily during the early to mid-20th century, and its current planning context focuses on accommodating population growth while maintaining access to transport, education and local services.

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