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 9.71% growth over a ten-year period. It ranks 66th 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 6.87% for the past year, which is lower than average compared to its 80.98% growth within a five-year period.
With the median home price in MCKINNON sitting at $1,665,000, and the average rent at $650, property owners could potentially earn a 2.03% 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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.87%||9.07%|
|Median 3 years||46.57%||20.88%|
|Median 5 years||80.98%||19.44%|
|10 years average annual||9.71%||3.71%|
|Weekly media advert. rent||$650||$460|
|Time on Market||45.6 days||70.5 days|
|Gross Rental Yield Percent||2.03%||3.4%|