Mckinnon suburb profile
McKinnon is an established, family-oriented suburb in Melbourne’s south-eastern suburbs, centred on a compact village shopping strip beside McKinnon railway station on the Frankston line. It is a largely residential neighbourhood of tree-lined streets with interwar bungalows and Californian-style villas, alongside pockets of newer townhouses and low-rise apartments close to the station. The area suits families and professionals who value nearby parks, sporting ovals and a handful of cafés and boutiques for everyday errands. Regular trains and straightforward road links make trips to the city or the bay convenient while keeping a quiet suburban feel.
Mckinnon property market performance
Current median dwelling price$1,185,200Past 3 months
Property growth+2.7%Past 12 months
The median house price in Mckinnon is $1.711 million, up a modest 3.5% over the last 12 months. The median unit price is $659,400, up a modest 2.0% over the same period; the two moved at a similar pace.
Over the last 3 months there were 22 house sales and 12 unit sales. Houses sold in a median of 33 days and units in 29 days, so they sold in a similar time.
The rental market in Mckinnon recorded average house rents of $975 a week, up a solid 9.6% over the last 12 months. Average unit rents were $675 a week, up a modest 3.8%, so house rents grew more strongly than unit rents.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $1.71M | $659K |
Change in value Past 12 months | 3.5% | 2.0% |
Sold Past 3 months | 22 | 12 |
Median days on market Past 12 months | 33 | 29 |
Average rent Past 12 months | $975 | $675 |
Change in rent Past 12 months | 9.6% | 3.8% |
5 year median price trend for houses and units
Suburbs near Mckinnon
Some popular suburbs near Mckinnon include:
How does Mckinnon compare to nearby suburbs?
- Median house prices: Mckinnon’s median house price is 9.0% higher than Bentleigh’s.
- Median unit prices: Mckinnon’s median unit price is 1.4% higher than Bentleigh’s.
- House price growth: Over the past 12 months, house prices in Mckinnon have grown 5.8% higher than in Bentleigh.
- Unit price growth: Over the past 12 months, unit prices in Mckinnon have grown 0.2% higher than in Ormond.
- Selling speed for houses: Properties in Mckinnon are selling 23.3% faster than in Bentleigh.
- Selling speed for units: Properties in Mckinnon are selling 19.4% faster than in Bentleigh.
- Investment considerations: In Mckinnon, the rental yield for house is 53.8% higher than the Melbourne average, while the rental yield for units is 14.4% higher.
- House price growth: Over the past 12 months, house prices in Mckinnon have grown 74.6% higher than the average rate of growth across Melbourne.
- Unit price growth:Over the past 12 months, unit prices in Mckinnon have grown 29.1% higher than the average rate of growth for units across Melbourne.

