Mckinnon

McKinnon, VIC 3204, with a population of 6,878, experiences steady growth over the years. The suburb caters well to families and professionals with various age groups well represented. Commuting options are diverse, with a significant portion of residents opting to work from home. The area boasts high-quality government schools, ranking at the 89.0 ICSEA percentile. McKinnon presents a balanced market for both Houses and Units. With a healthy rental demand, low vacancy rates, and moderate property prices, it appeals to investors seeking stable returns. The suburb exhibits potential for renovation projects, especially in Houses with a high Sale Price IQR ratio. Investors should keep an eye on the steady market absorption rate and consider the high room demand-supply ratio. McKinnon, VIC 3204, offers a vibrant community with strong investment potential. Homeowners benefit from a family-friendly environment, excellent educational facilities, and convenient transport options. Investors can seize opportunities in the diverse property market, with a focus on rental yields and renovation projects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022