Suburb Profile Report for Mount Macedon VIC (3441)

Mount Macedon House: Median price $665,000, Annual capital growth 3.12%, Number of sales 14, Weekly median advertised rent $475

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Mount Macedon, 3441 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.72%

Taking the average capital gain, or increase in median house value, Mount Macedon,3441 has racked up an average of 4.72% over the period. This ranks it number 2515th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Mount Macedon are currently offering property investors an average price cut of -8.64% below the asking price at the moment.

Residents and property investors in Mount Macedon have been waiting around 112.9 days to sell a property.

Renters in Suburb are facing rents around $5700 per annum or $475 every week.

HOUSE UNIT
$665,000 N/A
2.39% N/A
4.72% N/A
3.12% N/A
$475 N/A
14 N/A
3.71% N/A
112.9 N/A

Source: CoreLogic

DSR Score for property investment : Below average (H), Good (U)
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Demographics
Total population 1320
Median household income ($/weekly) 1779
Median age of persons 45
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 185 14.0
    35-44 years 168 12.7
    45-54 years 225 17.0
    55-64 years 250 18.9
    65-74 years 162 12.3
    Others 330 25.0
    Age Group
    Census Count Percent(%)
    Registered Married 593 62.6
    Not Married 267 28.2
    Defacto Relationship 88 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 986 78.8
    Greece 12 1.0
    Papua New Guinea 14 1.1
    United Kingdom 126 10.1
    Other 35 2.8
    Others 78 6.2
    Country of Birth
    Census Count Percent(%)
    Christianity 749 63.0
    No Religion 423 35.6
    Buddhism 10 0.8
    Islam 3 0.3
    Other Religious Groups 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 36 8.9
    $1,500-$1,999 61 15.1
    $2,000-$2,499 34 8.4
    $2,500-$2,999 68 16.9
    $3,000-$3,499 31 7.7
    Others 173 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 377 37.1
    Not in the labour force 330 32.5
    Employed, worked part-time 238 23.4
    Employed, away from work 38 3.7
    Unemployed, looking for work 33 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 129 19.7
    Professionals 217 33.1
    Technicians & trades workers 73 11.1
    Community & personal service workers 59 9.0
    Clerical & administrative workers 79 12.1
    Others 98 15.0
    Occupation
    Census Count Percent(%)
    Pre-school 20 6.2
    Infants/Primary 136 41.8
    Secondary 95 29.2
    Technical or Further Educational Institution 23 7.1
    University or other Tertiary Institutions 42 12.9
    Others 9 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1202 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 207 45.7
    Fully owned 197 43.5
    Rented 46 10.2
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals