Macleod and Watsonia are neighbouring suburbs on the Hurstbridge line in Melbourne’s north-east. Both offer strong value relative to the inner north, with family-friendly streetscapes, good school networks and solid owner-occupier demand. This comparison uses REIV Q2 2025 and ABS Census 2021 data.
Median House Price Comparison
| Metric | Macleod | Watsonia |
|---|---|---|
| Median House Price | $980,000 | $920,000 |
| Median Unit Price | $510,000 | $480,000 |
| Gross House Yield | 4.4% | 4.6% |
| Gross Unit Yield | 4.7% | 4.9% |
| 5-Year Growth (House) | 31% | 28% |
| Owner-Occupier Rate | 68% | 65% |
| Median HH Income (ABS 2021) | $1,960/wk | $1,880/wk |
| GeeVee Investment Score | 7.7/10 | 7.5/10 |
GeeVee Verdict
Macleod scores 7.7/10, ahead of Watsonia at 7.5/10. Macleod’s higher household income and stronger five-year growth reflect its proximity to Heidelberg and the hospital precinct. Watsonia offers better yield and a lower entry price, making it better suited to yield-focused investors.
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