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Mount Macedon, VIC 3441

Home » VIC Real Estate Data » Macedon Ranges Shire, VIC » Mount Macedon, VIC 3441

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 Mount Macedon, VIC 3441 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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3BR

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Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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3BR

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 “Mount Macedon, VIC 3441”

  1. The total adult population (15 years or older) of Mount Macedon 3441 VIC is 1,172, with a median age of 48. Of those, 62.03% are married, 9.22% are divorced or separated, 24.83% are single and 3.33% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $12,084. The median monthly mortgage repayment for households in this suburb is $2,604 which is 21.55% of their earnings.

    Source: ABS Census Data (2021)

  2. Conveniently situated in Victoria, the suburb of Mount Macedon 3441 is known to comprise an estimated 713 households. As we glance at the data for Q3 of 2023, we observe that the typical property prices for houses in Mount Macedon 3441 derive a figure of $1,543,509. Concurrently, with a median weekly rent equating to $807, there’s an indicative yield of approximately 2.72%.

    The socioeconomic position of the suburb is fairly favourable, with an IRSAD score of 1131 out of 1217. This score suggests that residents of Mount Macedon have access to ample economic resources and are generally in high-income brackets with skilled professions.

    In looking at the property market makeup of the suburb, the renter to the owner ratio is exceptionally low at 7%, suggesting the dominant tendency towards home-ownership in this area. Further, there’s an apparent preference for houses as opposed to units, demonstrated by a units to houses ratio of 0%.

    The affordability index of houses in Mount Macedon sits at a hefty 50 years. This means, assuming a standard 30-year mortgage, it is estimated to take 50 years for a property to be fully owned. This points to limited affordability within the suburb.

    In terms of supply metrics, the area carries a low stock on market percentage for houses at 0.14%. The inventory level for houses signals an extraordinarily low supply, at merely 0.48 months. On top of this, the building approvals ratio for houses rests at 1.26%.

    Taking into account demand metrics, the average days on market for houses is found at 109. This fairly high number suggests slow movement in market sales. Additionally, a vacancy rate of 6.0% gives an indication toward potentially less demand for rentals. However, the buy search index sits at an impressive 7, hinting at higher interest levels amongst potential buyers in the area.

    In analysing this data, it’s essential to note that while particular metrics may present less favourable conditions, such as the long affordability index and substantial vacancy rate, other metrics like the high buy search index and low stock on the market indicate noteworthy appeal amongst potential buyers and investors. As always, maintaining a broad perspective and taking into account diverse property market indicators is central to astute investment decisions. Consider using resources like the HtAG Analytics’ Relative Composite Score (RCS) to streamline your research process and make data-driven 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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