Mckenzie Hill

McKenzie Hill, VIC 3451, is a suburb with a growing population, particularly in the age groups of 20-24 years and 65 or over. The median household income is moderate, and the residents have various commuting options, with a significant percentage working from home. The area has a mix of occupations, with professionals and managers being the top categories. For house buyers, McKenzie Hill presents an opportunity for potential renovators as indicated by the high sale price IQR ratio. The suburb has shown consistent population growth over the years, which can positively impact property demand and prices in the future. With a moderate rental yield and relatively low vacancy rate, it could be suitable for investors seeking long-term rental returns. McKenzie Hill, VIC 3451, offers a diverse demographic profile with a focus on professionals and managers. The suburb's growth potential and housing market dynamics make it an attractive choice for both home buyers and property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022