Mckenzie Hill VIC 3451

Here you can find what you need to know about Mckenzie Hill, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$488k Median Sale Price (National Average $485k) 637th In VIC
2.63% Median Price Change (1 yr) (National Average 4.30%) 646th In VIC
$338pw Median Rent (National Average $395) 754th In VIC
3.6% Median Gross Yield (National Average 4.24%) 548th In VIC
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Properties sold 8
Average discounting -2.03%
Average Days on Market 125
Stock on Market 4 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Mckenzie Hill, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Mckenzie Hill, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Mckenzie Hill, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Mckenzie Hill


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
VIC 920 52%
ACT 74 49%
NSW 638 54%
NT 9 12%
QLD 104 38%
SA 105 53%
TAS 6 0%
WA 28 26%

Local Schools


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Suburb Information

Mckenzie Hill, VIC 3451

Part of: Mount Alexander Council No data available

The size of Mckenzie Hill is approximately 3.6 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Mckenzie Hill in 2011 was 253 people. By 2016 the population was 484 showing a population growth of 91.3% in the area during that time. The predominant age group in Mckenzie Hill is 60-69 years. Households in Mckenzie Hill are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mckenzie Hill work in a professional occupation. In 2011, 83.2% of the homes in Mckenzie Hill were owner-occupied compared with 87.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Mckenzie Hill

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Mckenzie Hill   for Houses in last 12 months

Streets in Mckenzie Hill


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