The housing market in Macedon, located in the Macedon Ranges of Victoria, has experienced notable interest due to its unique blend of rural charm and proximity to major urban centers like Melbourne. In recent years, the area has seen a surge in demand for residential properties, driven by the trend of city dwellers seeking more spacious and tranquil living environments away from the hustle and bustle of metropolitan life. This increased demand has led to a rise in property values, making it a competitive market for potential buyers. The housing stock in Macedon typically includes a mix of period homes, contemporary builds, and some sprawling acreage properties, offering a diverse range of options for different buyer preferences. Despite the rising prices, Macedon still retains its appeal through its picturesque landscapes, making it an attractive prospect for those interested in a semi-rural lifestyle paired with the convenience of being within commuting distance to the city.
Living in Macedon offers a serene and community-focused lifestyle, fostering a sense of connectivity and belonging. Residents enjoy the natural beauty of the region, with its lush greenery, scenic trails, and the iconic Mount Macedon providing ample opportunities for outdoor recreation and relaxation. The town has a strong sense of community, with local markets, cafes, and cultural events regularly drawing people together. A well-regarded selection of schools and local amenities also supports families and individuals living in the area, contributing to a high quality of life. While the town is relatively quiet, it is not isolated, as it benefits from good transport links and accessibility to larger towns and cities, making it an ideal location for those who desire a balance between urban and rural experiences. Overall, Macedon offers an inviting mix of natural beauty, community spirit, and convenience, making it a desirable place to call home.
Median Weekly Rent | $430.00 |
Median Monthly Mortgage | $2383.50 |
Median Persons Per bed houseroom | 0.85 |
Average Household Size | 3.00 |
Average Age | 42.50 |
Average Income | $1000.50 |
Average Cars Per Dwelling | 2.11 |
Average Properties Within 50M | 8 |
Typical 1 bed house | $1,508,000 |
Typical 2 bed house | $1,072,000 |
Typical 3 bed house | $1,330,000 |
Typical 4 bed house | $1,735,000 |
Typical 5 bed house | $2,276,000 |
Typical 6 bed+ house | $2,120,000 |
Housing Stock
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Thinking about buying in Macedon? Now could not be a better time, with 1202 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,591,000 with prices in this suburb ranging from $88,000 to $7,976,000. The aproximate distance to the coast is 49 Km.
Consistent high demand relative to supply is a key feature in Macedon driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Macedon ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Macedon provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Macedon 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 Valuation51 Smith Street, Macedon, VIC, 3440 | 3 | 2 | 2 | $700,000 - $750,000 | |
Unit 1, 405 Black Forest Drive, Macedon, VIC, 3440 | 8 | 5 | 8 | $1,595,000 |
Macedon Primary School
Alice Miller School
Gisborne Montessori School
Mount Macedon Primary School
Holy Cross Primary School
New Gisborne Primary School
(While the above schools are located with the suburb of Macedon 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 | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 14.5 | 27.7 | 34.8 | 87.0 | 5.5 | 24.3 |
Feb | 1.3 | 14.4 | 27.0 | 37.6 | 88.5 | 5.2 | 20.4 |
Mar | 1.3 | 13.1 | 24.6 | 39.8 | 88.6 | 5.0 | 15.9 |
Apr | 1.4 | 10.4 | 20.9 | 43.7 | 90.6 | 4.9 | 11.9 |
May | 1.2 | 8.2 | 16.9 | 51.3 | 90.8 | 5.4 | 8.6 |
Jun | 1.4 | 6.2 | 14.1 | 58.9 | 93.2 | 5.2 | 7.3 |
Jul | 1.0 | 5.9 | 13.7 | 56.0 | 91.4 | 6.2 | 7.7 |
Aug | 1.2 | 6 | 14.7 | 49.2 | 90.3 | 6.1 | 10.3 |
Sept | 1.6 | 7.4 | 17.7 | 42.8 | 89.4 | 6.1 | 14.5 |
Oct | 1.6 | 8.8 | 20.7 | 39.2 | 90.1 | 5.6 | 18.6 |
Nov | 1.9 | 10.7 | 22.9 | 38 | 90.3 | 5.4 | 21.7 |
Dec | 1.7 | 12.6 | 25.5 | 35.7 | 88.6 | 5.4 | 25.3 |
source: Australian Government Bureau of Meteorology
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