McKenzie Hill is a close-knit residential community in Victoria within the Mount Alexander local government area (postcode 3451). With a population of 775, the suburb has a mature demographic with a median age of 47. Households earn a median income of $77K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Median house prices in McKenzie Hill sit at $835,000, little changed on a year ago. The current median weekly rent is $495. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,600.
Public transport access includes 1 bus stop. The crime rate in the Mount Alexander LGA is moderate at 6,967 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.1% (moderate yield). Property prices are near the state median ($835K/$850K). The price-to-income ratio of 10.9x is considered stretched. House prices have moved +0.2% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.