Suburb Profile

Suburb profile for,

Mccrae, VIC

Located in the dynamic state of VIC (postcode 3938), MCCRAE is a vibrant real estate market. This suburb holds a median house price of $1,290,000 and has demonstrated an average buying growth of Down -4.1%. Last month, 35 houses were available, with 81 transactions completed in the past year. Properties spend around 50 days on the market, reflecting the area's demand with 2168 interested buyers. The average rental yield stands at 2.6%, with a weekly median rent of $550 per week and an average rent growth of Down -9.1%. Rental properties usually stay on the market for 25 days. The population in 2016 was 2836, which changed by +11.50% in the past five years. The median weekly household income is $1,251, reflecting an income change of +23.98% over the past five years. Residents have a median age of 53 years, and the suburb has an average annual growth for houses of +10.34%. To fully take advantage of MCCRAE's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in MCCRAE, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Mccrae, VIC

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
VIC
Suburb
MCCRAE
Postcode
3938
Median price for all dwellings
$1,290,000
Last 12 months growth return
Down -4.1%
Avg. dwellings for sale in the suburb every month
35
Avg. dwellings sold in the suburb in previous 12 months
81
Avg days on market for a dwelling listing to sell
50 days
Avg. number of people searching in this suburb every month
2168
Avg. rental yield per annum
2.60%
Weekly median rent for all dwellings
$550 per week
Median price for all houses
$1,290,000
Avg. rental yield growth in the previous 12 months
2.60%
Avg. days for a rental listing to find a tennant
25 days
Total suburb population in 2016
2836
Total suburb population change in 5 years up to 2016
11.50%
Avg. household income per week
$1,251
Median age of the population in the suburb
53
Historic avg annual growth return per annum in the suburb
10.34%

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