Suburb Profile Report for Macedon VIC (3440)

Macedon House: Median price $585,000, Annual capital growth 6.11%, Number of sales 20, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report

Property value increases in Macedon have tracked lower than the VIC average of 11.41% over the last 12 months.

Over the longer term, Macedon has seen property prices show investors a 22.51% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.54% to buyers in Macedon at the moment, which is less than average for the rest of VIC.

Macedon, 3440’s gross rental yield is 4.18%

Metrics i HOUSE UNIT
$585,000 N/A
N/A N/A
-2.50% N/A
6.11% N/A
$470 N/A
20 N/A
4.18% N/A
50.63 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1864
Median household income ($/weekly) 1490
Median age of persons 42
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 271 14.5
    35-44 years 292 15.7
    45-54 years 294 15.8
    55-64 years 312 16.7
    65-74 years 171 9.2
    Others 524 28.1
    Age Group
    Census Count Percent(%)
    Registered Married 786 58.0
    Not Married 432 31.9
    Defacto Relationship 138 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1535 85.4
    Greece 19 1.1
    Papua New Guinea 20 1.1
    United Kingdom 133 7.4
    Other 24 1.3
    Others 66 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1017 60.6
    No Religion 641 38.2
    Buddhism 15 0.9
    Hinduism 3 0.2
    Other Religious Groups 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 53 9.0
    $800-$999 53 9.0
    $1,500-$1,999 86 14.6
    $2,000-$2,499 56 9.5
    $2,500-$2,999 74 12.5
    Others 268 45.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 568 40.0
    Not in the labour force 433 30.5
    Employed, worked part-time 325 22.9
    Employed, away from work 60 4.2
    Unemployed, looking for work 33 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 163 17.1
    Professionals 252 26.4
    Technicians & trades workers 162 17.0
    Community & personal service workers 97 10.2
    Clerical & administrative workers 105 11.0
    Others 175 18.3
    Occupation
    Census Count Percent(%)
    Pre-school 42 9.2
    Infants/Primary 178 38.8
    Secondary 131 28.5
    Technical or Further Educational Institution 32 7.0
    University or other Tertiary Institutions 60 13.1
    Others 16 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1743 98.6
    Caravan, cabin, houseboat 25 1.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 300 46.0
    Fully owned 282 43.3
    Rented 66 10.1
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals