Suburb Profile Report for Macleod VIC (3085)

Macleod House: Median price $850,000, Annual capital growth 10.23%, Number of sales 100, Weekly median advertised rent $400

Macleod Unit: Median price $535,000, Annual capital growth 5.54%, Number of sales 55, Weekly median advertised rent $285

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Macleod, 3085 ranked 138th in VIC when comparing growth in median property values or capital gain over the last 12 months. Macleod is one of 2098 in our list for VIC

Across a shorter period, Macleod, 3085 has seen a median price increase of 2.41% over the last quarter.

The most recent median price for Macleod is $850000, with sellers offering an average of -8.92% off the asking price.

Advertised rents are around the $400 mark per week – giving a return of 2.45% based on the median price in Suburb

Investment property in Macleod has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.94%

Over the longer term, Macleod has seen property prices show investors a 27.99% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Macleod, 3085. Typically our figures indicate that -6.05% is being offered, which puts this VIC suburb at 470th most discounted overall in Australia.

Using the current median advertised rental of $285 and the average annual increase in value of a median property of 5.54%, investors should hope to achieve an overall return of 2.77%

HOUSE UNIT
$850,000 $535,000
2.41% -0.93%
14.02% 0.94%
10.23% 5.54%
$400 $285
100 55
2.45% 2.77%
41.37 62.3

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9605
Median household income ($/weekly) 1419
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1017 10.6
    25-34 years 1263 13.1
    35-44 years 1564 16.3
    45-54 years 1229 12.8
    55-64 years 997 10.4
    Others 3535 36.8
    Age Group
    Census Count Percent(%)
    Registered Married 3637 51.4
    Not Married 2892 40.8
    Defacto Relationship 553 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 6871 74.7
    Croatia 255 2.8
    Japan 164 1.8
    United Kingdom 354 3.8
    Other 342 3.7
    Others 1213 13.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 246 2.8
    Christianity 5894 66.9
    Hinduism 147 1.7
    Islam 184 2.1
    No Religion 2273 25.8
    Others 61 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 276 8.5
    $600-$799 272 8.4
    $1,500-$1,999 390 12.1
    $2,000-$2,499 315 9.7
    $2,500-$2,999 368 11.4
    Others 1613 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2947 39.0
    Not in the labour force 2711 35.9
    Employed, worked part-time 1411 18.7
    Employed, away from work 273 3.6
    Unemployed, looking for work 218 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 646 14.0
    Professionals 1380 29.8
    Technicians & trades workers 563 12.2
    Clerical & administrative workers 716 15.5
    Sales 425 9.2
    Others 900 19.4
    Occupation
    Census Count Percent(%)
    Pre-school 186 8.1
    Infants/Primary 693 30.3
    Secondary 503 22.0
    Technical or Further Educational Institution 188 8.2
    University or other Tertiary Institutions 644 28.2
    Others 72 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7688 86.8
    Semi-detached, row or terrace house, townhouse 788 8.9
    Flat, unit or apartment 361 4.1
    House or flat attached to a shop, office 16 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1358 39.0
    Fully owned 1338 38.4
    Rented 736 21.1
    Other tenure type 50 1.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals