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Macleod, VIC 3085

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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 Macleod, VIC 3085 located in Melbourne 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.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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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 “Macleod, VIC 3085”

  1. The total adult population (15 years or older) of Macleod 3085 VIC is 8,146, with a median age of 41. Of those, 48.50% are married, 10.67% are divorced or separated, 34.21% are single and 6.59% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $10,592. The median monthly mortgage repayment for households in this suburb is $2,296 which is 21.68% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the area code 3085, the suburb of Macleod, situated in Victoria, is comprised of approximately 4,602 households. By the third quarter of 2023, houses within the region exhibit an indicative median value of $1,224,749. This coupled with their median weekly rent of $491, results in an indicative yield of 2.08%.

    From a socio-economic perspective, Macleod outranks many other locations with a considerably high IRSAD score of 1074 (out of a possible 1217). This suggests a higher access to economic resources, substantial income levels, and a skilled population.

    Macleod’s market leans favourably toward ownership, with a favourable renter to owner ratio factoring at 23%. Additionally, the suburb consists predominantly of houses, as evidenced by the units-to-houses ratio of 22%. Such an arrangement is sought after by most investors, given that areas with more houses traditionally invite longer tenancy periods and attract families that contribute to a stable and vibrant neighbourhood vibe.

    On the affordability index, Macleod measures at 45 years for owning a house. Whilst this is unfavourable for first homeowners, for property investors looking at long-term capital gains, this makes Macleod an appealing option.

    Interestingly, the suburb contains a remarkably low stock on the market percentage for houses at 0.09%, which signals towards a low-supply market. Correspondingly, the low inventory level of 0.44 months further confirms this scarcity, potentially leading to an increased competition among buyers and a higher sales prices for sellers.

    Macleod’s building approvals ratio for houses is relatively low at 0.31%, implying limited growth of new housing stock in the near future, which could potentially help maintain house prices.

    The average period houses in Macleod remain on the market adds appeal to the locale, with an impressive duration averaging only 24 days. The relatively low vacancy rate of 1.25% (combining both units and houses) indicates steady demand for rentals in the area. The buy search index for the suburb rests at 5, suggesting that demand is in line with state averages.

    It’s clear that navigating the property market involves digesting and interpreting an abundance of information. Metrics such as IRSAD, buyer and renter ratios, unit to house ratios and other supply and demand indicators are essential in making an informed decision. Despite some metrics in Macleod appearing less favourable, it is necessary to understand that the overall property market health is subject to various factors. The Relative Composite Score (RCS) developed by HtAG analytics simplifies this process, enabling property investors to make better-informed 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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