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Investment Property McKinnon, VIC, 3204

Suburb Snapshot

McKinnon is a suburb in the Glen Eira Region of Victoria. McKinnon has a population of 6,062 people and 26.70% of its occupants live in rental accommodation. The median listing price for houses is $1,800,000 and this has changed -5.02% over the past year and changed 2.85% over 2 years.

The median rent in McKinnon for houses is $830 per week and the median rental yield is 2.39%. Stock on the market for houses/townhouses has changed -8.33% compared to last year and the average time to sell a house/townhouse is 65 days.The median listing price for units is $657,500 and this has changed -3.31% over the past year. The average unit takes 44 days to sell and the median rent for a unit in McKinnon is $610 per week, producing a rental yield of 4.82%.

Supply & Demand in McKinnon, Glen Eira

1.13%

Current vacancy rate


31

Rental stock available


6,062

Population


26.70%

Rental population


1.11%

Current vacancy rate


764

Rental stock available


140,876

Population


30.13%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for McKinnon, Glen Eira

  House Townhouses Units
Median listing price $1,800,000 $960,000 $657,500
Median price change - last quarter 4.34% 1.05% 0.00%
Median price change - 1 year -5.02% -3.04% -3.31%
Median price change - 2 years 2.85% -18.30% -6.74%
  House Townhouses Units
Median weekly rent $830 $850 $610
Median yield % 2.39% 4.60% 4.82%
Median rent change - 1 year 6.41% 6.25% 12.96%
  House Units
Previous month sales 5 3
Stock on market previous month 33 18
Stock variance vs. last year -8.33% -10.00%
Average days on market 65 44

McKinnon investment property listings

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