202/193 Mckinnon Road, Mckinnon VIC 3204

McKinnon Secondary zone | two-bedroom floorplan with two bathrooms | secure parking included | strong comparable sales in building This unit sits within a proven building with recent sales at $645,000 to $698,000, placing the current guide below those benchmarks and offering a measurable discount for an informed buyer. The dual-bathroom configuration is rare in this price band and adds functional separation for sharers or downsizers. Zoning to McKinnon Secondary College and Ormond Primary School provides a durable demand floor from families, while the building’s gym and ducted cooling add rental appeal. This property best suits an owner-occupier seeking school catchment access or an investor targeting stable 1-2% annual growth with low vacancy risk. The building’s high turnover—70% of owners held under three years—signals possible strata fatigue or short-term investor churn, which can affect future levy stability and resale timing. The unit’s 1.01% annual growth over ten years underperforms broader Melbourne apartment averages, meaning capital gains are not the primary return driver here. The opportunity lies in buying below recent building comps and holding for rental yield or school-driven demand, not speculative uplift. Use this property as a long-term hold in a proven location, not a flip.