Something notable has happened to pace here this year. Houses are selling in 33 days, down 52.2 per cent on last year, and units even faster still, down 63.8 per cent to just 29 days. House sales are up 30.1 per cent, a genuine surge in activity for this pocket.
Clearance remains strong across both brackets, houses at 76.8 per cent and units at 77.3 per cent, up 7.3 per cent year on year. Low stock is making for real competition on what does list, consistent with the pattern right across the wider area right now.
With appraisals rising after a quiet winter and September and October auction listings already filtering through, buyers are showing more positive sentiment. Investors remain the dominant buyer type, and with most activity under $700,000, well-presented properties here are finding buyers faster than almost anywhere nearby.
Median sale price for houses in Mckinnon is $1,825,000, up 7.0% from last year.
Median sale price for units in Mckinnon is $691,000, down 7.7% from last year.
Properties sold for houses in Mckinnon is 85, up 4.9% from last year.
Properties sold for units in Mckinnon is 52, down 10.3% from last year.
Auction clearance for houses in Mckinnon is 75.0%, down 7.4% from last year.
Auction clearance for units in Mckinnon is 77.3%, up 7.3% from last year.
Av days on market for houses in Mckinnon is 35, down 44.4% from last year.
Av days on market for units in Mckinnon is 30, down 61.0% from last year.
$2,100,000
$1,825,000
$1,650,000
$1,620,000
$1,478,500
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Would you hand the keys to your brand-new car to someone you barely know without making sure it was insured? It's a question we often ask investors when discussing landlord insurance.
Before a prospective renter walks through the door, much of the work that determines a successful tenancy should already be underway.
You check your phone, hoping for an update. Another inspection has finished, and you’re waiting to hear whether someone has applied.
Buying an investment property is exciting. Between finance, contracts, building inspections and settlement, there is a lot happening in a relatively short period of time.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Carnegie's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
