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Mckenzie Hill, VIC 3451

Home » VIC Real Estate Data » Mount Alexander Shire, VIC » Mckenzie Hill, VIC 3451

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mckenzie Hill, VIC 3451 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mckenzie Hill, VIC 3451”

  1. The total adult population (15 years or older) of Mckenzie Hill 3451 VIC is 660, with a median age of 47. Of those, 49.85% are married, 12.12% are divorced or separated, 32.73% are single and 4.24% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,284. The median monthly mortgage repayment for households in this suburb is $1,600 which is 21.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of McKenzie Hill 3451 consists of an estimated 445 households. As of the third quarter of 2023, typical prices for houses in McKenzie Hill 3451 average at $778,339. Homes typically rent at $650 per week, leading to an indicative yield of 4.36% which is notably above the minimum 3% threshold that is attractive for cash flow-centric property investors.

    McKenzie Hill radiates an impressive socio-economic atmosphere with an IRSAD score of 1014 out of 1217, signifying better socio-economic conditions and prospects within this area. Favourable conditions for property investors are further exemplified by a low renter to owner ratio of 11%, meaning the market is less saturated with rental properties and offers potential for higher returns.

    Also noteworthy is the suburb’s low apartments to houses ratio of 3% indicating limited competition among landlords for tenants and great potential for maintaining high rental yields in the long term. However, with regards to affordability, McKenzie Hill’s index signals a less favourable position with 41 years needed to fully own a property based on the median family income and typical property prices in the area. This could suggest decreased affordability in comparison to other markets.

    On the supply side of the equation, McKenzie Hill shows some promising signs for potential investors. The stock on market Percentage for houses stands at a favourable low of 0.22% and the inventory level for houses is at a low 0.92 months, indicating an absorbent market for new listings. Moreover, the suburb’s building approvals Ratio is very low, indicating a slow inflow of newly approved residential buildings into the market.

    Demand metrics indicate a neutral market with the days on market for houses averaging 86 days. The Vacancy Rate, which combines both houses and units, sits comfortably at 2.04%, suggesting a good balance of demand for properties. However, the buy search index for houses rests at 3, hinting at a limited digital demand, hence, emphasising the need for comprehensive market monitoring.

    Finally, it’s crucial to note that while some metrics might not fall in the most favourable ranges, these are balanced out by the overall favourability of other areas. Investors should employ an analytical approach, understand the trends and keep an eye on market developments to make optimal investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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