Suburb Profile Report for Macleod VIC (3085)

Macleod House: Median price $915,000, Annual capital growth 9.65%, Number of sales 103, Weekly median advertised rent $410

Macleod Unit: Median price $620,000, Annual capital growth 6.38%, Number of sales 61, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Macleod, 3085 ranked 507th in VIC when comparing growth in median property values or capital gain over the last 12 months. Macleod is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Macleod,3085 has racked up an average of 6.89% over the period. This ranks it number 1233th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Macleod 3085 should be seeing an average reduction in asking price of around -3.35% . This means that Macleod is holding prices well when compared to other suburbs in VIC.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 2.33%, without taking into account capital value appreciation, which has been averaging out at 9.65%.

Macleod, 3085 ranked 88th in VIC when comparing growth in median property values or capital gain over the last 12 months. Macleod is one of 2098 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Macleod has increased when compared to the 5 year average annual rate.

Property buyers and investors in Macleod 3085 should be seeing an average reduction in asking price of around -3.91% . This means that Macleod is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

Metrics i HOUSE UNIT
$915,000 $620,000
1.67% 6.90%
6.89% 14.08%
9.65% 6.38%
$410 $340
103 61
2.33% 2.85%
50.62 44.63

Source: CoreLogic

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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