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Suburb Insights ยท VIC 3451

McKenzie Hill 3451, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

McKenzie Hill is a regional centre in Victoria, Australia, with a population of approximately 775, making it a boutique locality. Located approximately 108 km from the Melbourne CBD, McKenzie Hill is a regional area in Victoria. The median household income is $76,804 AUD per year (ABS 2021 Census).

Investment Score

37 / 100 Weak

McKenzie Hill has a solid income profile that supports reliable occupancy rates. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows McKenzie Hill, Victoria, Australia.

Key Indicators

Postcode
3451

Official Australia Post postcode for McKenzie Hill. A postcode may cover multiple suburbs.

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Population
775

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$409/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$76,804/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
108 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,600/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
96% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, McKenzie Hill serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $409/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $1,600/month. The median household income of $76,804/year reflects a solid demographic, supporting sustainable rental demand. 96% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in McKenzie Hill over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Expect competitive but not exceptional rental returns in McKenzie Hill's current market.

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Renovation / Flip

The resale market in McKenzie Hill may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a McKenzie Hill property

Full Property Analysis

30-year projections for McKenzie Hill

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in McKenzie Hill is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in McKenzie Hill is thinner โ€” flexible lease terms could help secure tenants faster. McKenzie Hill is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is McKenzie Hill a good suburb for investment?

McKenzie Hill is a regional area in Victoria with a population of 775. The median rent is $409/week and the median household income is $76,804/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in McKenzie Hill?

Key demand drivers in McKenzie Hill include regional employment hubs, lifestyle, and affordability. 96% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of McKenzie Hill?

According to the ABS 2021 Census, McKenzie Hill has a population of approximately 775. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is McKenzie Hill from the Melbourne CBD?

McKenzie Hill is approximately 108 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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