Macleod is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3085). With a population of 9,892, the suburb has an established demographic with a median age of 41. Households earn a median income of $102K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Macleod is $1.2 million, having increased 4% over the past year. Units have a median price of $781,000 (+0.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,296.
Macleod is served by 1 school, including 1 combined. The average ICSEA score is 1073, which is above the national average of 1,000. Public transport access includes 3 rail stations, 34 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Macleod offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +4.0% year-on-year.
Macleod is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3085). With a population of 9,892, the suburb has an established demographic with a median age of 41. Households earn a median income of $102K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Macleod is $1.2 million, having increased 4% over the past year. Units have a median price of $781,000 (+0.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,296.
Macleod is served by 1 school, including 1 combined. The average ICSEA score is 1073, which is above the national average of 1,000. Public transport access includes 3 rail stations, 34 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Macleod offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +4.0% year-on-year.