Suburb Profile Report for Macleod VIC (3085)

Macleod House: Median price $830,000, Annual capital growth 10.14%, Number of sales 100, Weekly median advertised rent $400

Macleod Unit: Median price $540,000, Annual capital growth 5.67%, Number of sales 53, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Macleod have tracked close to the VIC average of 8.27% over the last 12 months.

A 50.91% growth in median value for property investors in Macleod,3085 puts this suburb at number 610th in terms of best performing suburbs in VIC

Property buyers and investors in Macleod 3085 should be seeing an average reduction in asking price of around -7.08% . This means that Macleod is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

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 1.41%

While Macleod,3085 ranked number 240th in VIC for increase in median house value (annualised) increase, it is ranked 123th over the last 5 years.

At number 54th of VIC’s most discounted properties, Macleod is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Macleod the average time real estate has been on the market is 50.84 days.

Situated 13.90km from the CBD, Macleod is one of Banyule localities in the postcode 3085.

Metrics i HOUSE UNIT
$830,000 $540,000
-2.47% -0.64%
9.21% 1.41%
10.14% 5.67%
$400 $275
100 53
2.51% 2.65%
34 50.84

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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