Suburb Profile Report for Macedon VIC (3440)

Macedon House: Median price $862,500, Annual capital growth 10.42%, Number of sales 23, Weekly median advertised rent $575

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Macedon, 3440 should be relatively pleased 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 5.83%

The five-year average increase in median property values for Macedon,3440 has given property investors a potential capital gain of 115.63% across each of those five years.

Often selling an investment property can take time, and in Macedon the average time real estate has been on the market is 106.667 days.

Advertised rents are around the $575 mark per week – giving a return of 3.47% based on the median price in Suburb

Metrics i HOUSE UNIT
$862,500 N/A
2.68% N/A
5.83% N/A
10.42% N/A
$575 N/A
23 N/A
3.47% N/A
106.666666666667 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1864
Median household income ($/weekly) 1490
Median age of persons 42
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 271 14.5
    35-44 years 292 15.7
    45-54 years 294 15.8
    55-64 years 312 16.7
    65-74 years 171 9.2
    Others 524 28.1
    Age Group
    Census Count Percent(%)
    Registered Married 786 58.0
    Not Married 432 31.9
    Defacto Relationship 138 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1535 85.4
    Greece 19 1.1
    Papua New Guinea 20 1.1
    United Kingdom 133 7.4
    Other 24 1.3
    Others 66 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1017 60.6
    No Religion 641 38.2
    Buddhism 15 0.9
    Hinduism 3 0.2
    Other Religious Groups 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 53 9.0
    $800-$999 53 9.0
    $1,500-$1,999 86 14.6
    $2,000-$2,499 56 9.5
    $2,500-$2,999 74 12.5
    Others 268 45.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 568 40.0
    Not in the labour force 433 30.5
    Employed, worked part-time 325 22.9
    Employed, away from work 60 4.2
    Unemployed, looking for work 33 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 163 17.1
    Professionals 252 26.4
    Technicians & trades workers 162 17.0
    Community & personal service workers 97 10.2
    Clerical & administrative workers 105 11.0
    Others 175 18.3
    Occupation
    Census Count Percent(%)
    Pre-school 42 9.2
    Infants/Primary 178 38.8
    Secondary 131 28.5
    Technical or Further Educational Institution 32 7.0
    University or other Tertiary Institutions 60 13.1
    Others 16 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1743 98.6
    Caravan, cabin, houseboat 25 1.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 300 46.0
    Fully owned 282 43.3
    Rented 66 10.1
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
Chart Table