Macedon

Macedon has seen population growth performance typically on par with national averages when looking at short and medium term trends

Based on AreaSearch's analysis of ABS population updates and new addresses validated since the 2021 Census, Macedon's estimated population as of November 2025 is around 2,131. This reflects an increase of 58 people from the previous count of 2,073 in 2021, a growth rate of approximately 2.8%. AreaSearch's estimate is based on resident population figures of 2,129 as of June 2024 and three additional validated new addresses since the Census date. This results in a population density ratio of 54 persons per square kilometer for Macedon (SA2). Natural growth contributed approximately 57% to overall population gains during recent periods.

AreaSearch's projections are based on ABS/Geoscience Australia data released in 2024 with a base year of 2022, and VIC State Government Regional/LGA projections from 2023 adjusted using weighted aggregation methods for areas not covered by the ABS data. Considering these projections, Macedon is expected to grow by 461 persons to reach an estimated population of around 2,592 by 2041, reflecting a total increase of approximately 22.9% over the 17-year period.

Residential development activity is lower than average in Macedon according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Macedon has had virtually no dwelling approvals in recent years, totalling an estimated 4 homes over the past five financial years. So far in FY-26, 0 approvals have been recorded. This results in an average of 17 new residents per year arriving per dwelling constructed between FY-21 and FY-25, indicating demand significantly outpacing supply.

New dwellings are developed at an average value of $1,104,000, demonstrating a focus on the premium segment with upmarket properties. Compared to Greater Melbourne, Macedon has significantly less development activity, which typically reinforces demand and pricing for existing dwellings. Building activity has accelerated in recent years but remains lower than nationally, reflecting market maturity and possible development constraints. Recent building activity consists entirely of detached dwellings, maintaining the area's traditional low density character with a focus on family homes appealing to those seeking space. The estimated count of 1428 people per dwelling approval reflects its quiet, low activity development environment.

Macedon has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified eight projects that could impact the region. Notable ones are Hanging Rock to Daylesford Shared Trail, Macedon Ranges Sports Precinct, Hamilton Road Reconstruction New Gisborne to Riddells Creek, and Gisborne Business Park Development. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The exceptional employment performance in Macedon places it among Australia's strongest labour markets

Macedon has a well-educated workforce with professional services being strongly represented. The unemployment rate is 1.4%, with an estimated employment growth of 1.6% over the past year, according to AreaSearch's aggregation of statistical area data.

As of September 2025, there are 1,191 residents in work, while the unemployment rate is 3.3% lower than Greater Melbourne's rate of 4.7%. Workforce participation is on par with Greater Melbourne's 64.1%. The leading employment industries among residents are education & training, construction, and professional & technical services. Education & training shows a particularly strong specialization, with an employment share of 1.5 times the regional level.

Conversely, accommodation & food services show lower representation at 3.6% compared to the regional average of 6.4%. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Over the 12 months to September 2025, employment increased by 1.6%, while labour force increased by 1.9%, resulting in a rise in unemployment by 0.2 percentage points. By comparison, Greater Melbourne recorded employment growth of 3.0%, labour force growth of 3.3%, with unemployment rising by 0.3 percentage points. To provide broader context, state-level data to 25-Nov shows VIC employment grew by 1.13% year-on-year (adding 41,950 jobs), with the state unemployment rate at 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 offer further insight into potential future demand within Macedon. These projections suggest that national employment should expand by 6.6% over five years and 13.7% over ten years, with growth rates differing significantly between industry sectors. Applying these industry-specific projections to Macedon's employment mix suggests local employment should increase by 6.7% over five years and 13.6% over ten years.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2023 reports Macedon's median income among taxpayers at $62,536 and average at $99,347. Nationally, these figures are exceptionally high. Greater Melbourne's median is $57,688 with an average of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Macedon would be approximately $67,695 (median) and $107,543 (average) as of September 2025. Census 2021 income data ranks household, family, and personal incomes in Macedon between the 72nd and 85th percentiles nationally. Income analysis shows that the largest segment comprises 27.0% earning $1,500 - 2,999 weekly (575 residents), similar to the metropolitan region where 32.8% occupy this bracket. A substantial proportion of high earners, 40.8%, are above $3,000/week, indicating strong economic capacity throughout the suburb. After housing costs, residents retain 88.6% of income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 9th decile.

Macedon is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Macedon's latest Census evaluation, 96.5% of dwellings were houses, with the remaining 3.4% consisting of semi-detached homes, apartments, and other types. In contrast, Melbourne metro had 94.7% houses and 5.3% other dwellings. Home ownership in Macedon stood at 44.8%, with mortgaged properties at 45.8% and rented dwellings at 9.5%. The median monthly mortgage repayment was $2,213, higher than Melbourne metro's $2,014. Median weekly rent in Macedon was $371, compared to Melbourne metro's $400. Nationally, Macedon's mortgage repayments were significantly higher at $2,213 versus the Australian average of $1,863, while rents were lower at $371 compared to the national figure of $375.

Macedon features high concentrations of family households, with a fairly typical median household size

Family households account for 80.2% of all households, consisting of 40.4% couples with children, 31.4% couples without children, and 8.2% single parent families. Non-family households make up the remaining 19.8%, with lone person households at 17.6% and group households comprising 1.6% of the total. The median household size is 2.8 people, which aligns with the Greater Melbourne average.

Macedon demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Macedon's residents aged 15 and above have a higher educational attainment than broader benchmarks. 39.7% hold university qualifications, compared to 27.7% in the SA3 area and 27.7% in the SA4 region. Bachelor degrees are the most common at 23.8%, followed by postgraduate qualifications (10.0%) and graduate diplomas (5.9%). Vocational credentials are also prominent, with 31.7% of residents holding such qualifications - advanced diplomas at 11.5% and certificates at 20.2%.

Educational participation is high, with 31.9% of residents currently enrolled in formal education. This includes 12.3% in primary education, 10.6% in secondary education, and 4.2% pursuing tertiary education.

Transport servicing is low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Macedon has two operational public transport stops offering a combination of train and bus services. These stops are served by four distinct routes that facilitate 230 weekly passenger trips in total. Transport accessibility is considered limited, with residents generally situated 1081 meters away from the nearest stop.

The average service frequency across all routes is 32 trips per day, which amounts to approximately 115 weekly trips per individual stop.

Macedon's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions

Analysis of health metrics shows strong performance throughout Macedon. Both young and old age cohorts have low prevalence of common health conditions. The rate of private health cover is exceptionally high at approximately 66% of the total population (1,404 people), compared to 59.4% across Greater Melbourne and a national average of 55.7%.

The most common medical conditions in the area are arthritis and asthma, impacting 7.6 and 7.5% of residents respectively, while 72.0% declare themselves completely clear of medical ailments compared to 69.3% across Greater Melbourne. As of 4th July 2021, the area has 19.5% of residents aged 65 and over (415 people). Health outcomes among seniors are particularly strong, performing even better than the general population in health metrics.

Macedon is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Macedon has a lower than average cultural diversity, with 86.0% of its population born in Australia, 91.3% being citizens, and 95.9% speaking English only at home. Christianity is the predominant religion in Macedon, making up 38.4% of people. However, Judaism is not represented in Macedon's population, unlike Greater Melbourne where it comprises 0.1%.

The top three ancestry groups in Macedon are Australian (29.7%), English (28.5%), and Irish (10.3%). Notably, Polish, Dutch, and Maltese ethnicities have higher representation in Macedon compared to regional averages: Polish at 1.1% vs 0.8%, Dutch at 2.0% vs 1.5%, and Maltese at 1.5% vs 2.1%.

Macedon hosts a notably older demographic compared to the national average

Macedon's median age is 44, surpassing Greater Melbourne's figure of 37 and significantly exceeding the national norm of 38. The 5-14 age group comprises 17.3%, notably higher than Greater Melbourne's percentage, while the 25-34 cohort stands at 2.7%. This concentration of children is well above the national average of 12.2%. Post-2021 Census, the 75 to 84 age group grew from 5.3% to 7.9%, and the 15 to 24 cohort increased from 11.0% to 12.6%. Conversely, the 65 to 74 cohort declined from 13.0% to 9.8%, and the 25 to 34 group dropped from 5.2% to 2.7%. By 2041, demographic modeling indicates significant changes in Macedon's age profile. Notably, the 45 to 54 group is projected to grow by 40%, adding 142 people and reaching 503 from 360. Meanwhile, population declines are forecast for the 0 to 4 and 35 to 44 cohorts.