Suburb Profile Report for Mckenzie Hill VIC (3451)

Mckenzie Hill House: Median price $537,500, Annual capital growth 5.00%, Number of sales 18, Weekly median advertised rent N/A

  • 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

Property value increases in Mckenzie Hill have tracked higher than the VIC average of 2.87% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Mckenzie Hill comes in at number 375th in VIC.

Property investors looking for a bargain in Mckenzie Hill should be aiming for at least -1.98% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Mckenzie Hill the average time real estate has been on the market is 65.9524 days.

Metrics i HOUSE UNIT
$537,500 N/A
-3.59% N/A
9.69% N/A
5.00% N/A
N/A N/A
18 N/A
N/A N/A
65.952380952381 N/A

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 : Above average (H), Above average (U)
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Demographics
Total population 253
Median household income ($/weekly) 887
Median age of persons 48
Median housing loan repayment ($/monthly) 1133
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 38 15.1
    35-44 years 35 13.9
    45-54 years 41 16.3
    55-64 years 47 18.7
    65-74 years 33 13.1
    Others 57 22.7
    Age Group
    Census Count Percent(%)
    Registered Married 96 52.5
    Not Married 61 33.3
    Defacto Relationship 26 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 216 91.5
    United Kingdom 10 4.2
    Greece 7 3.0
    United States of America 3 1.3
    Bosnia and Herzegovina 0 0.0
    Others 0 0.0
    Country of Birth
    Census Count Percent(%)
    Christianity 129 58.4
    No Religion 83 37.6
    Buddhism 6 2.7
    Judaism 3 1.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 9 10.1
    $400-$599 14 15.7
    $600-$799 16 18.0
    $800-$999 10 11.2
    $1,500-$1,999 14 15.7
    Others 26 29.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 74 37.4
    Employed, worked full-time 65 32.8
    Employed, worked part-time 41 20.7
    Employed, away from work 14 7.1
    Unemployed, looking for work 4 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 21 17.5
    Professionals 19 15.8
    Technicians & trades workers 15 12.5
    Community & personal service workers 11 9.2
    Clerical & administrative workers 27 22.5
    Others 27 22.5
    Occupation
    Census Count Percent(%)
    Secondary 22 40.0
    Infants/Primary 18 32.7
    Technical or Further Educational Institution 6 10.9
    University or other Tertiary Institutions 6 10.9
    Pre-school 3 5.5
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 224 97.8
    Flat, unit or apartment 5 2.2
    Semi-detached, row or terrace house, townhouse 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(%)
    Fully owned 47 49.5
    Being purchased 32 33.7
    Rented 16 16.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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