Macedon

Population growth drivers in Macedon are slightly above average based on AreaSearch's ranking of recent, and medium term trends

Based on analysis of ABS population updates for the broader area and new addresses validated by AreaSearch, as of Feb 2026, the suburb of Macedon's estimated population is around 2,135. This reflects an increase of 62 people since the 2021 Census, which reported a population of 2,073. The change is inferred from the resident population of 2,129 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 5 validated new addresses since the Census date. This level of population equates to a density ratio of 54 persons per square kilometer. Population growth for the suburb was primarily driven by natural growth, contributing approximately 56.99999999999999% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023, adjusting them employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Considering these projected demographic shifts, the suburb is expected to grow by 461 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 22.6% in total over the 17 years.

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 indicates Macedon had virtually no dwelling approvals in recent years. Over the past five financial years, totalling an estimated four homes were approved. As of FY-26 so far, zero approvals have been recorded.

The average new residents arriving per year per dwelling constructed over these five years was 17. This indicates demand significantly outpacing supply, which typically increases competition among buyers and puts upward pressure on prices. The average construction cost value for new dwellings in Macedon is $1,104,000, demonstrating a focus on the premium segment with upmarket properties. Compared to Greater Melbourne, Macedon has significantly less development activity. This constrained new construction typically reinforces demand and pricing for existing dwellings. However, building activity has accelerated in recent years, though it 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 population per dwelling approval is 1428 people, reflecting 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 influence an area's performance. AreaSearch identified eight projects likely to impact the area. Key projects include 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 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% and there was an estimated employment growth of 1.7% in the past year, according to AreaSearch's aggregation of statistical area data. As of September 2025, 1,193 residents are employed while the unemployment rate is 3.3% lower than Greater Melbourne's rate of 4.7%.

Workforce participation stands at 73.3%, close to Greater Melbourne's 71.0%. Census responses indicate that 39.5% of residents work from home, though Covid-19 lockdown impacts should be considered. Leading employment industries include education & training, construction, and professional & technical services. Education & training is particularly strong with an employment share of 1.5 times the regional level, while accommodation & food shows lower representation at 3.6% compared to the regional average of 6.4%.

Employment opportunities locally may be limited, as shown by the count of Census working population versus resident population. Between September 2024 and September 2025, employment increased by 1.7%, labour force grew by 1.9%, leading to an unemployment rise of 0.2 percentage points. In comparison, Greater Melbourne recorded employment growth of 3.0% over the same period. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Macedon's employment should increase by 6.7% over five years and 13.6% over ten years, based on a simple weighting extrapolation using industry-specific projections.

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

As per AreaSearch's latest postcode level ATO data released for financial year ending June 2023, Macedon suburb had a median income among taxpayers of $62,536 and an average income of $99,347. Nationally, these figures are exceptionally high. Greater Melbourne, in comparison, had a median income of $57,688 and an average income of $75,164. Based on Wage Price Index growth of 8.25% from financial year ending June 2023 to September 2025, estimated incomes would be approximately $67,695 (median) and $107,543 (average). According to Census 2021 income data, Macedon's household, family, and personal incomes rank highly nationally, between the 72nd and 85th percentiles. Income analysis shows that the largest segment comprises 27.0% of residents earning $1,500 - $2,999 weekly, mirroring the metropolitan region where 32.8% occupy this bracket. A substantial proportion, 40.8%, earn above $3,000 weekly, indicating strong economic capacity throughout the suburb. After housing costs, residents retain 88.6% of their 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

Macedon's dwelling structures, as recorded in the latest Census, consisted of 96.5% houses and 3.4% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Melbourne metro had 67.9% houses and 32.1% other dwellings. Home ownership in Macedon was at 44.8%, with mortgaged dwellings at 45.8% and rented ones at 9.5%. The median monthly mortgage repayment in Macedon was $2,213, higher than Melbourne metro's $2,000. The median weekly rent in Macedon was $371, compared to Melbourne metro's $390. Nationally, Macedon's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were lower than the national figure of $375.

Macedon features high concentrations of family households, with a higher-than-average 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 constitute the remaining 19.8%, with lone person households at 17.6% and group households comprising 1.6%. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.6.

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 educational attainment is notably higher than broader averages. Among residents aged 15 and above, 39.7% possess university qualifications, compared to 27.7% in the SA3 area and 27.7% in the SA4 region. This high level of educational attainment positions the area favourably for knowledge-based opportunities. Bachelor degrees are most prevalent at 23.8%, followed by postgraduate qualifications (10.0%) and graduate diplomas (5.9%).

Vocational credentials are also prominent, with 31.7% of residents aged 15 and above holding such qualifications – advanced diplomas (11.5%) and certificates (20.2%). Educational participation is particularly high in Macedon, 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 mix of train services. These stops are served by four distinct routes, collectively facilitating 230 weekly passenger trips. Transport accessibility is limited in the area, with residents typically residing 1081 meters from the nearest transport stop. As a predominantly residential region, most commuters travel outward, primarily using cars (94%). On average, there are 2.0 vehicles per dwelling, exceeding the regional average. According to the 2021 Census, 39.5% of residents work from home, potentially due to COVID-19 conditions.

Service frequency averages 32 trips per day across all routes, resulting in approximately 115 weekly trips per individual stop.

Macedon's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Macedon's health outcomes show exceptional results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Approximately 66% of Macedon's total population (1,407 people) has private health cover, compared to Greater Melbourne's 56.7% and the national average of 55.7%.

The most prevalent medical conditions are arthritis and asthma, affecting 7.6% and 7.5% of residents respectively. 72.0% of residents report being completely free from medical ailments, compared to Greater Melbourne's 72.6%. Under-65 population health outcomes are better than average. Macedon has 19.9% of residents aged 65 and over (424 people), higher than Greater Melbourne's 15.1%. Health outcomes among seniors in Macedon rank even higher than the general population nationally.

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

Macedon's cultural diversity was found to be below average, with 86.0% of its population born in Australia, 91.3% being citizens, and 95.9% speaking English only at home. Christianity was the main religion in Macedon, comprising 38.4% of people. However, Judaism was not represented in Macedon's population, compared to 1.0% across Greater Melbourne.

In terms of ancestry, the top three groups were Australian (29.7%), English (28.5%), and Irish (10.3%). Notably, Polish (1.1%) and Dutch (2.0%) were overrepresented in Macedon compared to regional averages of 0.8% and 1.2%, respectively. Maltese was also overrepresented at 1.5% compared to the regional average of 1.1%.

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 17.2% of Macedon's population, higher than Greater Melbourne's percentage and considerably above the national average of 12.1%. The 25-34 cohort makes up only 2.5% of Macedon's population. Post the 2021 Census, the 75 to 84 age group grew from 5.3% to 8.0%, while the 15 to 24 cohort increased from 11.0% to 12.5%. Conversely, the 65 to 74 cohort decreased from 13.0% to 9.7%, and the 25 to 34 group fell from 5.2% to 2.5%. By 2041, Macedon's age profile is projected to change significantly. Notably, the 45 to 54 group is expected to grow by 37%, adding 134 people and reaching 502. The 35 to 44 group will show no growth, with zero residents added.