Over the last year, property investments in Mount Macedon, 3441 have given investors a capital gain of 14.79%. This compares very favourably with the 4.41% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Macedon has increased when compared to the 5 year average annual rate.
Property investors should expect to get $700 weekly from the median priced house in this suburb.
Information supplied by:
Mount Macedon, VIC – Nature abounds in the Macedon Ranges
Median house price: $802,500
Three-year growth: 19.8%
Rental yield: 3.5%
A picturesque haven in the Macedon Ranges, the suburb of Mount Macedon is known for its wealth of garden estates, as the area once housed the elite.
Walking trails lead to the mountain itself, where residents and visitors alike can enjoy the peaceful atmosphere and beautiful flora. Sanatorium Lake is a popular picnic spot in the area. There is excellent food to be had as well at the Trading Post or the Mount Macedon Pub, which provides a taste of local produce, wines, pies and coffees.
There are also many galleries displaying local arts and crafts. The Dicksonia Rare Plants nursery offers quite a collection of plants thriving in the mountain climate.