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Mccrae
AREA REPORTS

Mccrae

Mccrae - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3938

house
unit

Homeowners and real estate investors betting on MCCRAE, 3938 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 25.96%.

A steady increase in median property prices over a five-year period in the suburb translates to a 55.95% capital gain.

Property investors in MCCRAE enjoyed capital gains of 25.96% 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 $1,225,000.

Profits due to an upward trend in home prices there averaged 18.65% per annum over a 3-year period.

Home owners selling their properties and realtors in MCCRAE usually have to wait an average of 46.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $635 mark, reflecting a 2.7% 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.

Data report can be found below

Mccrae
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,225,000 $755,000
GROWTH REPORT
Median Quarterly 0% 12.69%
Median 12 month 25.96% 34.1%
Median 3 years 55.95% N/A
Median 5 years 78.9% 26.89%
10 years average annual 7.64% 7.49%
Weekly media advert. rent $635 $415
Time on Market 46.8 days 0.0 days
Gross Rental Yield Percent 2.7% 2.86%
demographics (median values)*
Total Population
2823
Weekly Household Income
1241
Household Size
2.30
Age
54
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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