Suburb Profile Report for Macleod VIC (3085)

Macleod House: Median price $856,000, Annual capital growth 9.06%, Number of sales 97, Weekly median advertised rent $400

Macleod Unit: Median price $585,000, Annual capital growth 6.65%, Number of sales 55, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Macleod have tracked just lower than the VIC average of 11.00% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Macleod has increased when compared to the 5 year average annual rate.

Property buyers and investors in Macleod 3085 should be seeing an average reduction in asking price of around -3.93% . This means that Macleod is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Macleod the average time real estate has been on the market is 33 days.

Giving property investors a a stable capital gain of 7.98% for the last year, Macleod, 3085 is the 604th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Macleod comes in at number 20th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Macleod itself are offering an average vendor discount of 0.00% to real estate investors.

With the median price for a house in Macleod being $585000 and the advertised rent reaching $255 the gross rental yield for property investors calculates out to be 2.27%

Metrics i HOUSE UNIT
$856,000 $585,000
-3.06% 4.46%
5.81% 7.98%
9.06% 6.65%
$400 $255
97 55
2.43% 2.27%
33 38.31

Source: CoreLogic

DSR Score for property investment : Very good (H), Very 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
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Recent sales & rentals