Thinking about buying in Mccrae? Now could not be a better time, with 2887 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,443,000 with prices in this suburb ranging from $405,000 to $6,405,000. Mccrae is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Mccrae Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Mccrae driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Mccrae due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Mccrae provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Mccrae necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Mccrae we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Mccrae a better buying opportunity than it may have been in the past.

Houses for sale Mccrae

	34 ARMSTRONG RD, MCCRAE, VIC, 3938	3	2	2	$800,000 - $880,000
	UNIT 3, 9 HILLMAN AV, MCCRAE, VIC, 3938	2	2	1	$595,000 - $650,000
	UNIT 1, 10 BENTLEY RD, MCCRAE, VIC, 3938	5	2	3	$1,100,000 - $1,200,000
	22-24 ALEXANDER PDE, MCCRAE, VIC, 3938	3	2	2	$2,500,000 - $2,750,000
	15 SOUTH RD, MCCRAE, VIC, 3938	3	2	3	$1,950,000 - $2,145,000
	6 GEORGIANA PL, MCCRAE, VIC, 3938	4	3	4	$1,600,000 - $1,750,000
	7 THE EYRIE, MCCRAE, VIC, 3938				$1,500,000 - $1,650,000
	19 WILLIAM ST, MCCRAE, VIC, 3938	3	1	0	$ 1,825,000 - $ 1,950,000
	59 ARMSTRONG RD, MCCRAE, VIC, 3938	4	2	1	$1,090,000 - $1,150,000
	16 COOK ST, MCCRAE, VIC, 3938	5	3	3	EOI - Closing 6 Nov 5pm - $1,400,000 - $1,500,000

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