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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.

HousesUnits
Median price
Past 3 months
$1.71M$659K
Change in value
Past 12 months
3.5%2.0%
Sold
Past 3 months
2212
Median days on market
Past 12 months
3329
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

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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.

Choose the right real estate agents in Mckinnon

Currently, there are 71 real estate agents working in Mckinnon—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 71 agents sold 23.6% of all properties in Mckinnon over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Mckinnon typically charge a commission of 1.55% to 2.61%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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