Mckinnon
3204 VIC
With a population growth rate in line with broader trends, McKinnon is a vibrant suburb attracting families and young professionals. The area boasts a mix of age groups, with significant numbers aged 5 to 19 and 45 to 64 years. Commuting options are diverse, with a notable percentage working from home. The education advantage for students in government schools is high.
For House investors, McKinnon presents an opportunity for capital growth, supported by consistent population growth and solid rental demand. The suburb's high median household income and diverse occupations signify a stable economic base. With the high sale price IQR ratio, renovators may find potential in the housing market here. Unit investors should consider the strong market absorption rate and low vacancy rate, indicating high demand and yield potential.
McKinnon, VIC 3204 is a suburb characterised by steady population growth, varied demographic mix, and excellent educational opportunities. For property investors, the suburb offers solid investment potential, with opportunities for capital growth and rental yield in both the House and Unit markets.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Mckinnon houses.
Median Price
$1.850M
# Sales
71
12M Growth
5.7%
10Y Ave Growth
3.2%
Why Buyers Look Here
Owner occupier appeal — 66% owner-occupied — strong community stability and pride of ownership.
Tight supply — Only 1.7% of stock on market — limited turnover supports price growth.
Fast selling market — Properties sell in a median of 25 days — high buyer competition.
Capital Growth
Pricing and long-term growth profile for Mckinnon houses.
Median Price
$1.850M
# Sales
71
12M Growth
5.7%
10Y Ave Growth
3.2%
Rental Market
Yield, rental pricing and vacancy performance for Mckinnon houses.
Weekly Rent
$1000
Rental Yield
3.2%
Vacancy Rate
1.5%
Rentals Last 12M
115
Supply & Demand
Stock levels, days on market and selling conditions for Mckinnon.
Stock on Market
1.7%
Days on Market
25
Building Approvals
2.1%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Mckinnon.
Population
6,878
Owner Occupiers
66%
Median Income
$125k
IRSAD Rank
97
Recent Sales
Recently sold properties in Mckinnon.
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