The size of Mount Magnificent is approximately 17 square kilometres. It has 4 parks covering nearly 12.7% of total area. The population of Mount Magnificent in 2011 was 282 people. By 2016 the population was 55 showing a population decline of 80.5% in the area during that time. The predominant age group in Mount Magnificent is 60-69 years. Households in Mount Magnificent are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Magnificent work in a professional occupation. In 2011, 81.5% of the homes in Mount Magnificent were owner-occupied compared with 72.8% in 2016..
Mount Magnificent has 38 properties. As at 31 October 2024:
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