macleod

3085, Victoria

Real Estate & Property Information

Median
Price Rank
199

macleod Suburb Profile & Review

Macleod is a quiet, scenic area in Melbourne's north-east, located mere minutes from La Trobe University's Bundoora campus. The university's Gresswell Forest Wildlife Reserve in the north of the suburb provides residents with picturesque country surroundings.

Macleod Village Shopping Centre is a quaint shopping strip on Aberdeen Road. It features takeaway shops, a newsagent, hairdressers, cafes and an IGA supermarket. Across the street, Macleod Park houses a children's playground and barbeque facilities, a sports ground for the Macleod Junior Football Club, the Macleod Hall and a preschool centre. After a brief walk through the park you can board a train at the lovely and historic Macleod Station. Trains travel all the way into the city on the Hurstbridge line.

Macleod College is a P-12 school with a strong academic record and a proud multicultural community. Buses also stop in the area on their way to prestigious private schools in Kew and Ivanhoe.

macleod Demographic Data

$ 565,000 Median House Price

28 Minutes Average Commute

38 Median Age

9,606 Population

52.24 % Female

47.76 % Male

2517 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in macleod, Victoria.

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macleod Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

macleod Median House Prices

  • 2008 $ 402,000
  • 2009 $ 435,000
  • 2010 $ 485,000
  • 2011 $ 642,500
  • 2012 $ 565,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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macleod 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in macleod have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term macleod property price predictions.

macleod Market Property Types

  • 82 % Seperate House
  • 12 % Semi Detached
  • 6 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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macleod Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

macleod Income & Mortgage Stats

  • $ 1,419 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in macleod

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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macleod Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

macleod Sold Property Prices

macleod Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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macleod Restaurants

  • Vindaloo Palace116/130 Main Drivemacleod VIC 308503 9455 1711
  • Sinner's Pizza Pasta and Ribs82a Aberdeen Rdmacleod VIC 308503 9459 9595
  • Piyada Thai72 Aberdeen Roadmacleod VIC 308503 9457 7116

macleod Cafes

  • Amarantos Cakes10 Lookout Risemacleod VIC 308503 9017 3358
  • Parkside Cafe34 Aberdeen Roadmacleod VIC 308503 9455 2244
  • Cafe Aberdeen34 Aberdeen Rdmacleod VIC 308503 9455 2244

macleod Schools

  • Charles La Trobe CollegeKingsbury Drivemacleod VIC 3085(03) 9223 1400State Secondary College
  • Macleod P-12Carwarp Streetmacleod VIC 3085(03) 9459-0222State Primary School
  • Macleod College P-1243 - 81 Browns Roadmacleod VIC 3085(03) 9795 5848State Secondary College

macleod Childcare

  • Rainbow Child Care Centre51 Greensborough Rdmacleod VIC 3085
  • Skye Childrens Co-op9-11 Skye Streetmacleod VIC 3085

macleod Kindergarten and Preschools

  • Macleod Preschool Play CentreBirdwood Avenuemacleod VIC 3085

macleod Sporting Centres and Clubs

  • Banyule & Districtmacleod VIC 3085Netball Club
  • Dunveganmacleod VIC 3085Tennis Club & Courts
  • Macleod Tennis Clubmacleod VIC 3085Tennis Club & Courts

macleod Retirement Villages

  • Springthorpemacleod VIC 3085
  • Strathalan Baptcaremacleod VIC 3085

Find out How Much your House is Worth in macleod

Request a free market Basic Report for macleod to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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