AREA REPORTS

Mckinnon

Suburb Profile

Mckinnon - FREE 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 7.23% growth over a ten-year period. It ranks 886th 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 -1.12% for the past year, which is lower than average compared to its 74.48% growth within a five-year period.

With the median home price in MCKINNON sitting at $1,675,000, and the average rent at $650, property owners could potentially earn a 2.02% 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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,675,000 $708,888
GROWTH REPORT
Median Quarterly -7.22% -11.32%
Median 12 month -1.12% -5.8%
Median 3 years 28.06% -4.31%
Median 5 years 74.48% 21.59%
10 years average annual 7.23% 4.77%
Weekly media advert. rent $650 $490
Time on Market 46.2 days 53.8 days
Gross Rental Yield Percent 2.02% 3.59%
demographics (median values)
Total Population
5177
Weekly Household Income
1353
Household Size
2.70
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