Macs Cove, nestled in the picturesque region of Mansfield, Victoria, offers a unique blend of tranquil rural living and moderate housing market activity. The area is known for its scenic landscapes, which include lush greenery and proximity to Lake Eildon, making it a desirable location for those seeking a peaceful retreat from urban hustle. The housing market in Macs Cove typically leans towards established homes, with a mix of charming cottages and contemporary residences. Property prices here are generally more affordable compared to metropolitan areas, attracting both retirees looking for a serene environment and families desiring more space. The market shows steady interest, reflective of the broader trends observed in rural Victoria, where people increasingly value lifestyle and natural beauty.
Living in Macs Cove is synonymous with enjoying a laid-back, close-knit community lifestyle. The small population fosters a strong sense of camaraderie among residents, who often engage in local events and outdoor activities. With easy access to outdoor adventures at Lake Eildon and the surrounding national parks, residents have ample opportunities for fishing, hiking, and boating. The locale provides basic amenities, with more comprehensive services available in nearby Mansfield, only a short drive away. This balance of peaceful seclusion and accessibility to essential services makes Macs Cove an attractive place for those seeking a slower pace of life amid nature's splendor.
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Thinking about buying in Macs Cove? Now could not be a better time, with just 183 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $652,000 with prices in this suburb ranging from $72,000 to $1,336,000. The aproximate distance to the coast is 124 Km.
Consistent high demand relative to supply is a key feature in Macs Cove driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Macs Cove due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Macs Cove changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Macs Cove to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Macs Cove the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property Valuation1 Willow Lake Drive, Macs Cove, VIC, 3723 | 4 | 1 | 2 | $530,000-$550,000 | |
22 Village Way, Macs Cove, VIC, 3723 | 3 | 1 | 2 | $545,000 - $560,000 | |
21 Valley Fair Rise, Macs Cove, VIC, 3723 | $181,000 - $199,000 | ||||
51 Willow Lake Drive, Macs Cove, VIC, 3723 | 0 | 0 | 0 | $410,000 | |
14 Trout Stream Way, Macs Cove, VIC, 3723 | 2 | 1 | 0 | $499,000 | |
2054 Mansfield-Woods Point Road, Macs Cove, VIC, 3723 | 0 | 0 | 0 | $500,000 - $550,000 |
None within suburb boundary
(While the above schools are located with the suburb of Macs Cove there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
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Jan | 2.9 | 10.1 | 19.0 | 37.5 | 78.5 | 5.4 | 26.6 |
Feb | 3.6 | 8.9 | 17.1 | 45.8 | 83.9 | 5.0 | 20.3 |
Mar | 3.4 | 6.5 | 13.8 | 54.9 | 92.5 | 5.4 | 16.5 |
Apr | 4.3 | 3.9 | 10.1 | 59.0 | 92.6 | 5.6 | 12.3 |
May | 5.1 | 0.5 | 5.5 | 67.6 | 95.1 | 6.6 | 8.0 |
Jun | 5.7 | -1.4 | 3.0 | 71.0 | 95.5 | 5.6 | 6.8 |
Jul | 6.1 | -2.6 | 1.2 | 82.0 | 97.8 | 5.4 | 6.3 |
Aug | 6.1 | -2.9 | 1.5 | 78.1 | 98.0 | 5.9 | 9.5 |
Sept | 4.2 | -0.8 | 5.3 | 63.8 | 96.6 | 5.3 | 14.2 |
Oct | 4.3 | 2.0 | 9.4 | 57.7 | 92.3 | 5.1 | 20.2 |
Nov | 4.2 | 4.2 | 12.0 | 53.9 | 90.4 | 6 | 22.6 |
Dec | 3.6 | 6.9 | 15.4 | 43.1 | 83.9 | 5.6 | 26.8 |
source: Australian Government Bureau of Meteorology
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