Property value increases in Mount Macedon have tracked just lower than the VIC average of 8.23% over the last 12 months.
While Mount Macedon,3441 ranked number 54th in VIC for increase in median house value (annualised) increase, it is ranked 506th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Mount Macedon itself are offering an average vendor discount of -12.88% to real estate investors.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 3.04%, investors should hope to achieve an overall return of 3.92%