Macedon is a smaller residential area in Victoria within the Macedon Ranges local government area (postcode 3440). It is home to about 2,073 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $122K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward education and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Macedon stand at $1.1 million, having softened modestly by 0.5% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,213.
Macedon is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1124, which is well above the national average of 1,000. Public transport access includes 2 rail stations. The crime rate in the Macedon Ranges LGA is moderate at 5,037 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices are near the state median ($1.1M/$850K). The price-to-income ratio of 9.0x is considered moderate. House prices have moved -0.5% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.