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McKenzie Hill, VIC 3451
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$745,000
market range $700K-$875K
Median Unit
$510,000
Gross Yield (houses)
3.6%
1yr Growth (houses)
-1.9%
market range -7.5% to +10.0%
Investment snapshot for McKenzie Hill
McKenzie Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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McKenzie Hill market and investor summary
McKenzie Hill (VIC 3451) runs a median house price of $745K, with houses yielding a gross 3.6%. House prices have moved -1.9% over the past year. At 3.5% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 3.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 274 days on market, so plan for a slower exit if you ever need one.
Living in McKenzie Hill: people, income and schools
McKenzie Hill has a resident population of roughly 775, a number that has held fairly steady over five years. The median age is 47, skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $77,000 a year, or roughly $1,480 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 9.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 9 schools within about 5km, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 775
- +5% over 5yr
- Median age
- 47 years
- Median household income
- $77,000/yr
- Households renting
- 11%
- Family households
- 72%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 9
- avg ICSEA 1054
- Unemployment
- 3.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in McKenzie Hill
View all →Frequently asked questions about McKenzie Hill
What should I check before investing in McKenzie Hill?
McKenzie Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in McKenzie Hill?
The median property price in McKenzie Hill, VIC 3451 is $745K for houses and $510K for units.
What rental yield does McKenzie Hill show?
The gross rental yield in McKenzie Hill is 3.6% for houses and 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for McKenzie Hill?
House prices in McKenzie Hill are down 1.9% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in McKenzie Hill?
The current vacancy rate in McKenzie Hill is 3.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in McKenzie Hill?
McKenzie Hill has a population of approximately 775 residents, with a median age of 47.
What schools are near McKenzie Hill?
There are 9 schools within roughly 5km of McKenzie Hill. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is McKenzie Hill affordable to buy in?
A median house in McKenzie Hill costs about 9.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is McKenzie Hill's population growing?
The population of McKenzie Hill has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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