Mccrae

McCrae, VIC 3938 is a suburb with a population of 3,311 residents. The area has seen steady population growth over the years, with a significant number of residents aged 45 to 64 and 65 and over. The median household income is $1,433 per week. The suburb offers a variety of commuting options including a significant proportion of residents working from home. For house investors, McCrae presents a good opportunity for renovations due to its relatively high sale price IQR ratio. The suburb also exhibits a high market absorption rate, indicating potential for property price appreciation. On the other hand, unit investors can benefit from a moderate rental yield and low vacancy rate, making it an attractive option for those seeking stable rental returns. McCrae, VIC 3938 is a growing suburb with a diverse demographic profile. For investors, both houses and units in the area offer unique opportunities based on market indicators such as sale price trends, rental yields, and demand-supply ratios. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022