All About Mckinnon, Glen Eira, VIC, 3204

McKinnon, located in the Glen Eira area of Victoria, boasts a vibrant housing market characterized by strong demand and stable growth. With its close proximity to Melbourne's central business district and excellent public transport links, including the McKinnon Railway Station, the suburb has become increasingly attractive to homebuyers and investors. The housing stock predominantly consists of charming period homes, spacious family houses, and a growing number of modern apartment complexes that cater to diverse needs and budgets. In recent years, McKinnon's property prices have shown resilience and steady appreciation, partly due to its inclusion within the coveted McKinnon Secondary College zone, which is a key draw for families seeking quality education.

Living in McKinnon offers a balanced lifestyle with a harmonious blend of suburban tranquility and urban convenience. The community is family-friendly, characterized by leafy streets, well-maintained parks, and recreational facilities that provide ample opportunities for outdoor activities. Centre Road, the suburb’s main thoroughfare, features a bustling array of local shops, cafes, and restaurants that reflect a multicultural vibrancy, making it a lively hub for both dining and socializing. The strong community spirit is palpable, with numerous local events and activities fostering a sense of connection among residents. Overall, McKinnon is renowned for its welcoming atmosphere, making it an ideal place for families, professionals, and retirees seeking a peaceful yet dynamic place to call home.

Mckinnon Real Estate Market Outlook

Thinking about buying in Mckinnon? Now could not be a better time, with 3632 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,811,000 with prices in this suburb ranging from $344,000 to $9,150,000. Mckinnon is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Mckinnon ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Mckinnon classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Mckinnon requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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