Suburb Profile Report for Mount Macedon VIC (3441)

Mount Macedon House: Median price $970,000, Annual capital growth 7.85%, Number of sales 15, Weekly median advertised rent $700

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

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

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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.

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Mount Macedon, VIC – Nature abounds in the Macedon Ranges

Postcode: 3441

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.

Metrics i HOUSE UNIT
$970,000 N/A
14.12% N/A
14.79% N/A
7.85% N/A
$700 N/A
15 N/A
3.75% N/A
81.3333333333333 N/A

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

DSR Score for property investment : Balanced (H), Balanced (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
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