106/10 Station Avenue, Mckinnon VIC 3204

McKinnon School Zone | boutique secure complex | 72m² with private balcony | lift access & basement parking | ready to occupy This property occupies a strong position within the McKinnon Secondary College zone, which remains the primary demand driver for family-oriented buyers and investors in the area. The 72m² internal footprint is competitive for a two-bedroom apartment in this corridor, and the inclusion of a separate storage cage, secure basement parking, and a private balcony lifts it above comparable stock. The boutique complex of 21 residences with lift access reduces the risk of oversupply and supports tighter owner-occupier demand. The open-plan layout with Caesarstone and European appliances, plus the ensuite in the master, targets downsizers and professional couples who will pay a premium for a lock-and-leave configuration within a proven school catchment. The key risk is the subdued price growth across McKinnon over the past twelve months, with median unit values softening between 0.3% and 2.7%. This means any buyer should not expect short-term capital appreciation, and the property must be held for its rental yield and school-zone utility rather than flipping potential. The rental estimate of $655 per week offers a gross yield above 4.5%, which is defensible given the school catchment and low ongoing maintenance of a strata-titled apartment. The absence of flood, bushfire, or heritage overlays reduces holding risk. The property is best used as a long-term hold within a diversified portfolio, or as a primary residence that captures lifestyle and schooling advantages without overpaying for growth expectations.