Market snapshot

Suburb insights for McCrae3938

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McCrae is located 60 km south of the CBD. Located on the Mornington Peninsula McCrae is primarily residential in nature but incorporates some parts of the Arthurs Seat State Park. The suburb has a high proportion (12%) of it's labour force employed in the construction sector. The Nepean Highway and Mornington Peninsula Freeway traverse the suburb. The suburb also features the Foreshore Reserve and the Eastern Lighthouse. Like a number of bayside areas the population is heavily concentrated in the older age groups.

Sales data

Median sale price
$1.5mil
Quarterly price change
25.1%
Metro Melbourne Comparison
$929k
2%
BedroomsMcCraeMetro comparison
2-$920,000
3$1,095,000$810,000
4$1,760,000$965,000
InsightMcCraeMetro comparison
Clearance rate64.3%75.3%
Days on market6040

Rental data

Median weekly rent
$575
Rental yield
2.4%
Metro Melbourne Comparison
$550
3.1%
BedroomsMcCraeMetro comparison
2-$550
3-$520
4-$575
Median data for the current quarter

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