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Macedon, VIC 3440
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,090,000
market range $975K-$1.3M
Median Unit
$840,000
Gross Yield (units)
2.2%
1yr Growth (houses)
+3.6%
market range -5.0% to +12.5%
Investment snapshot for Macedon
Macedon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Macedon market and investor summary
Macedon (VIC 3440) runs a median house price of $1.1M. House prices have moved +3.6% over the past year. At 4.5% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 4.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 74 days on market, so plan for a slower exit if you ever need one.
Living in Macedon: people, income and schools
Macedon is home to around 2,073 people, a number that has held fairly steady over five years. The median age is 44, skewed a little older, and 89% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $122,000 a year, or roughly $2,350 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 24% over five years, which tends to underpin what local buyers can pay.
There are 5 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 56 km from the CBD. It is fairly car-dependent; the suburb scores 6 for walkability and 20 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,073
- +2% over 5yr
- Median age
- 44 years
- Median household income
- $122,000/yr
- Households renting
- 9%
- Family households
- 81%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 1131
- Unemployment
- 1.2%
- Distance to CBD
- 56 km
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Macedon
No properties currently listed in Macedon
Search Macedon listings →Frequently asked questions about Macedon
What should I check before investing in Macedon?
Macedon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Macedon?
The median property price in Macedon, VIC 3440 is $1.1M for houses and $840K for units.
What rental yield does Macedon show?
The gross rental yield in Macedon is 2.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Macedon?
House prices in Macedon are up 3.6% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Macedon?
The current vacancy rate in Macedon is 4.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Macedon?
Macedon has a population of approximately 2,073 residents, with a median age of 44.
What schools are near Macedon?
There are 5 schools within roughly 5km of Macedon. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Macedon affordable to buy in?
A median house in Macedon costs about 8.9 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Macedon's population growing?
The population of Macedon has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Macedon from the CBD?
Macedon is about 56 km from the CBD.
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