A steady increase in median property prices over a five-year period in the suburb translates to a 33.62% capital gain.
Property investors in MCCRAE enjoyed capital gains of 7.49% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $775,000.
Profits due to an upward trend in home prices there averaged 11.21% per annum over a 3-year period.
Home owners selling their properties and realtors in MCCRAE usually have to wait an average of 50.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $407.5 mark, reflecting a 2.73% increase in returns based on the current median price in MCCRAE.
MCCRAE, 3938 places th in Australia based on median property value growth during the quarter.
Property investors in MCCRAE enjoyed capital gains of 24.2% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MCCRAE are low, as opposed to average gains per annum over the past five years.
MCCRAE posted a 78.34% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in MCCRAE.
MCCRAE, 3938 ranks 35th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
MCCRAE ranks 373rd on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.
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