Located in Victoria within the Banyule local government area, Macleod is a moderately sized suburb (postcode 3085). The area has roughly 9,892 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Macleod is $1.2 million, having risen by 4% over the past year. Units have a median price of $625,000 (-19.9% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.4%. 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.
On the investment side, Macleod shows a gross rental yield of approximately 2.4%, 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. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.