Macleod

POSTAL CODE: VIC, 3085
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MACLEOD ranks 606th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -9.58% for the past year is lower than average compared to its 12.2% growth within a five-year period.

Also in MACLEOD, the median home price is sitting at $1,085,000, and the average rent at $590, this suggests property owners could potentially earn a 2.83% increase in gross rental yield.

Property investors have seen a -9.32% drop in MACLEOD based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.35% growth over a ten-year period. It ranks 3340th on our list of suburbs that property investors should look into.

Surburb overview

Macleod, located approximately 14 kilometres northeast of Melbourne's Central Business District, is a suburb within the Cities of Banyule and Darebin. According to the 2021 census, Macleod has a population of 9,892, with a median age of 41. The community is diverse, with 68.5% of residents born in Australia, followed by individuals from China (3.4%), England (2.8%), India (1.8%), and Italy (1.6%).

Public transportation in Macleod is well-developed. The Macleod railway station on the Hurstbridge line serves the suburb and provides regular services to Melbourne's CBD. Bus routes 514, 548, and 561 also connect Macleod to surrounding areas, including Eltham, Glenroy, Kew, and La Trobe University.

Essential establishments in Macleod include a variety of shops, cafes, and medical services. The suburb features amenities such as a post office, grocery stores, and a YMCA. Educational institutions are prominent, with schools like Macleod College and Aberdeen Primary School serving the area.

Recreational activities are abundant, with Macleod Park offering green spaces for outdoor activities. The suburb also features the Banyule & Districts Netball Association and the Banyule Hawks basketball team, providing residents various sports options.

Separate houses characterise the housing market in Macleod. The median property price is approximately $1.2 million. The area is known as General Residential, reflecting its established suburban nature.

Macleod's combination of accessible transportation, essential services, educational facilities, and recreational spaces contributes to its appeal as a residential suburb in Melbourne's north-east.

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