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 8.44% growth over a ten-year period. It ranks 386th 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 5.73% for the past year, which is lower than average compared to its 88.28% growth within a five-year period.
With the median home price in MCKINNON sitting at $1,760,400, and the average rent at $600, property owners could potentially earn a 1.77% 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.
Homeowners and real estate investors betting on MCKINNON, 3204 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 22.89%.
A steady increase in median property prices over a five-year period in MCKINNON, 3204 translates to a 26.98% capital gain.
Property investors enjoyed capital gains of 22.89% over the last 12 months in MCKINNON, translating to lower returns compared with its peers in VIC.
MCKINNON, 3204 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $800,000.
Profits due to an upward trend in home prices in MCKINNON, 3204 averaged 8.99% per annum over a 3-year period.
Home owners selling their properties and realtors in MCKINNON usually have to wait an average of 78.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $475 mark, reflecting a 3.09% increase in returns based on the current median price in MCKINNON.
MCKINNON, 3204 places 114th in Australia based on median property value growth during the quarter.