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Mckinnon
AREA REPORTS

Mckinnon

Mckinnon - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3204

house
unit

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 8.82% growth over a ten-year period. It ranks 451st on our list of suburbs that property investors should look into.

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

MCKINNON, 3204 has a capital gain of 22.21% for the past year, which is higher than average compared to its 23.49% growth within a five-year period.

With the median home price in MCKINNON sitting at $2,050,000, and the average rent at $695, property owners could potentially earn a 1.76% increase in gross rental yield.

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

Data report can be found below

Mckinnon
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,050,000 $1,045,000
GROWTH REPORT
Median Quarterly 8.18% 0%
Median 12 month 22.21% 0.48%
Median 3 years 41.28% 41.22%
Median 5 years 23.49% 60.52%
10 years average annual 8.82% 7.07%
Weekly media advert. rent $695 $495
Time on Market 54.1 days 86.6 days
Gross Rental Yield Percent 1.76% 2.46%
demographics (median values)*
Total Population
30635
Weekly Household Income
1801
Household Size
2.70
Age
38
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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