Real Estate McKenzie Hill Vic 3451

Real Estate Market: Is McKenzie Hill VIC 3451 a Good Suburb to Buy Into?

Housing Market in McKenzie Hill

Key McKenzie Hill Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Bendigo	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$498	Bottom 24%	186% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in McKenzie Hill

McKenzie Hill Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

McKenzie Hill

36.4%

Bendigo

33.0%

Compare
Suburbs

Field	Value	VS Bendigo	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	0.0	Bottom 10%	Data for Jul 2023
Housing Stock Quality Indicator	51.8	Top 14%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	7	Top 20%	75% to Feb 2025

Housing Stock Quality in McKenzie Hill

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Bendigo	Trend
Houses	100.0%	Top 31%	5% to Jan 2021
Average bedrooms - all homes	2.3	Bottom 34%	33% to Jan 2021
NBN connection: fibreoptic cable to node	38.4%	Top 9%	Data for Jun 2023

Development Restrictions in McKenzie Hill

McKenzie Hill Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

McKenzie Hill

21.9%

Bendigo

27.6%

Compare
Suburbs

Field	Value	VS Bendigo	Trend
Total area	4.2 sq km	Bottom 37%	Data for Jan 2021
Heritage overlay total area	0.0 sq km	Bottom 18%	Data for Jun 2023
Residential density	10700 sqm per resident	Top 15%	Data for Jan 2021

Risk in McKenzie Hill

McKenzie Hill Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

McKenzie Hill

36.3

Bendigo

38.2

Compare
Suburbs

Field	Value	VS Bendigo	Trend
% Owner Occupied	91.1%	Bottom 46%	0% to May 2023
% Rentals	8.9%	Top 46%	4% to May 2023
Housing Affordability Index	43	Top 23%	Data for Jun 2023
Median monthly mortgage	$1,520	Bottom 29%	16% to May 2023
Rent Affordability Index (Houses)	80	Top 43%	Data for Jun 2023
Rent Affordability Index (Units)	76	Top 48%	Data for Jun 2023
Mortgage as a percent of income	24.9%	Top 35%	12% to Jan 2021
Mortgaged Dwellings	46.9%	Top 28%	13% to May 2023

Housing Demand in McKenzie Hill

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

McKenzie Hill

44.5%

Bendigo

62.7%

Compare
Suburbs

Field	Value	VS Bendigo	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	12900	Top 47%	14% to Dec 2036
Historical Population (SA3)	53600	Bottom 38%	34% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	20800	Top 41%	23% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in McKenzie Hill

McKenzie Hill Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Bendigo	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$375	Bottom 15%	164% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	58.8%	Bottom 19%	26% to Mar 2025

Planning Applications: Other (1)

Headline	Place	Date
Certification of a Plan - Streamlined Planning through Electronic Applications and Referrals S161128E	24 Maldon Road, Mckenzie Hill VIC 3451	13 Jul 2020

Businesses (2)

Name	Address
Kowelec, Electrician Castlemaine	26 Martin St, McKenzie Hill VIC 3451, Australia
S & S Cracknell Pty Ltd	93, Diamond Gully Rd

Median House Rental Prices by Street (4)

Level_0	Street	Date	Median rent (per week)
117647	Acacia Ct	13 Mar 2025	$557
117725	Carloway Dr	13 Mar 2025	$583
76017	Yurunga Dr	22 Jan 2025	$517
77365	Jarrod Dr	15 Jan 2025	$585

Turnover Rate by Street (24)

Turnover rate	Street	Turnover Label	Turnover Years	Year
184.6%	Mckenzie Way	very high turnover	Every 5.4 years (very high turnover)	2025
114.0%	Maldon Rd	very high turnover	Every 8.8 years (very high turnover)	2025
156.5%	Ireland St	very high turnover	Every 6.4 years (very high turnover)	2025
135.7%	Woodman Dr	very high turnover	Every 7.4 years (very high turnover)	2025
72.7%	Willy Milly Rd	average turnover	Every 13.8 years (average turnover)	2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Mount Alexander

Percent of Renters by Street (26)

Percent of Renters	Street
25.4%	Acacia Ct
4.7%	Carloway Dr
2.2%	Alfred Dr
0.0%	Bulkeleys Rd
0.0%	Castlemaine-Maldon Rd

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 2, 37 Maldon Rd	$410,000	2.0	1.0	1.0	24 Feb 2025	On Market
37 Mckenzie Way	$720,000	3.0	2.0	2.0	11 Feb 2025	On Market
17 Hill View Ct	$1,085,000	4.0	2.0	3.0	17 Dec 2024	On Market
24 Phyllis Cr	$780,000	3.0	2.0	2.0	02 Dec 2024	On Market
62 Maldon Rd	$729,000	4.0	2.0	3.0	06 Nov 2024	On Market

Median Unit Sale Prices by Street (33)

Date	Median sale value	Street
31 Aug 2024	456600.0	Maldon Rd
06 Oct 2023	$435,000	Maldon Rd
30 Jun 2024	390700.0	Maldon Rd
30 Jun 2024	454700.0	Maldon Rd
31 Jul 2024	230000.0	Maldon Rd

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Woodman Dr	10 May 2024	$715,000
Maldon Rd	10 May 2024	$765,000
Martin St	10 May 2024	$859,000
Diamond Gully Rd	10 May 2024	$1,042,000
Carloway Dr	10 May 2024	$890,000

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
9 Woodman Dr	$530	3	2	2	11 Mar 2025
8 Acacia Ct	$540	4	2	2	05 Mar 2025
8 Acacia Ct	$540	4	2	2	05 Mar 2025
8 Acacia Ct	$540	4	2	2	05 Mar 2025
20 Yurunga Dr	$585	3	2	4	06 Jan 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 37 Maldon Rd	$360	2.0	1.0	1.0	24 Apr 2024
Unit 2, 37 Maldon Rd	$360	2.0	1.0	1.0	24 Apr 2024
Unit 2, 37 Maldon Rd	$360	2.0	1.0	1.0	24 Apr 2024
Unit 2, 37 Maldon Rd	$360	2.0	1.0	1.0	24 Apr 2024
Unit 2, 37 Maldon Rd	$360	2.0	1.0	1.0	24 Apr 2024

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 3, 37 Maldon Rd	$405,000	2.0	1.0	1.0	29 Nov 2023	On Market
Unit 3, 37 Maldon Rd	$405,000	2.0	1.0	1.0	29 Nov 2023	On Market
Unit 3, 37 Maldon Rd	$405,000	2.0	1.0	1.0	29 Nov 2023	On Market
Unit 3, 37 Maldon Rd	$405,000	2.0	1.0	1.0	29 Nov 2023	On Market
Unit 3, 37 Maldon Rd	$405,000	2.0	1.0	1.0	29 Nov 2023	On Market

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