Suburb Profile Report for Macleod VIC (3085)

Macleod House: Median price $927,500, Annual capital growth 7.16%, Number of sales 94, Weekly median advertised rent $460

Macleod Unit: Median price $638,500, Annual capital growth 28.41%, Number of sales 48, Weekly median advertised rent $343

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Macleod, 3085 have given investors a capital gain of 5.40%. This compares favourably with the 2.87% for VIC as a whole.

Over the longer term, Macleod has seen property prices show investors a 10.42% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Macleod is $927500, with sellers offering an average of -7.05% off the asking price.

Residents and property investors in Macleod have been waiting around 49.7955 days to sell a property.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 2.58%, without taking into account capital value appreciation, which has been averaging out at 7.16%.

Giving property investors a a solid capital gain of 10.09% for the last year, Macleod, 3085 is the 256th highest performer in Australia in this respect.

A 30.31% growth in median value for property investors in Macleod,3085 puts this suburb at number 84th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Macleod should be aiming for at least -4.27% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $342.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$927,500 $638,500
1.37% 3.48%
5.40% 10.09%
7.16% 28.41%
$460 $343
94 48
2.58% 2.79%
49.7954545454546 49.1071428571429

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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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
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