Macleod’s median house price in 2026 is $980,000, with units at $510,000. The suburb has recorded 31% five-year growth and unit gross yield averages 4.4%. Macleod sits between Rosanna and Watsonia on the Hurstbridge line, offering a tightly held pocket of character homes on large blocks with excellent school catchments and direct rail access to the CBD in 35 minutes.
Macleod Median Prices at a Glance
| Property Type | Median Price | 5-Year Growth | Gross Yield |
|---|---|---|---|
| House | $980,000 | 31% | 3.0% |
| Unit/Apartment | $510,000 | 28% | 4.4% |
| Townhouse | $790,000 | 30% | 3.5% |
What Makes Macleod Special?
Macleod is one of Melbourne’s most tightly held middle-ring suburbs. Annual turnover is extremely low — typically under 80 house sales per year — which creates genuine scarcity and protects values. The suburb is bordered by Gresswell Forest, Macleod Organic Farm and Yallambie Conservation Reserve, giving it a semi-rural character that is increasingly rare within 16km of Melbourne’s CBD.
Is Macleod a Good Investment?
GeeVee AI rates Macleod 7.7/10 for investment in 2026. It scores well on scarcity (9/10), lifestyle amenity (8/10) and capital growth trajectory (8/10). GeeVee notes that low turnover means patience is required, but the suburb’s character and conservation borders make it a strong long-term hold.
Frequently Asked Questions
What is the median house price in Macleod in 2026?
The median house price in Macleod is approximately $980,000 as of Q2 2025 (REIV data).
Is Macleod good for investment?
Yes for long-term capital growth. GeeVee rates Macleod 7.7/10. Low turnover and conservation borders create strong scarcity value.
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