Suburb Profile Report for Mount Macedon VIC (3441)

Mount Macedon House: Median price $750,000, Annual capital growth 4.88%, Number of sales 16, Weekly median advertised rent $453

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

Source: CoreLogic

  • House Report

Investment property in Mount Macedon has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.78%

Taking the average capital gain, or increase in median house value, Mount Macedon,3441 has racked up an average of 16.78% over the period. This ranks it number 2426th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Mount Macedon itself are offering an average vendor discount of -10.18% to real estate investors.

In the last year 16 properties changed hands in Mount Macedon, which puts it as the 634th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Mount Macedon, 3441 is in the Macedon Ranges local government area.

HOUSE UNIT
$750,000 N/A
10.70% N/A
16.78% N/A
4.88% N/A
$453 N/A
16 N/A
3.14% N/A
133.5 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