Macedon

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

As per ABS population updates and AreaSearch validations for the broader area, the population of Macedon is estimated at around 2,135 as of Feb 2026. This reflects an increase of 62 people since the 2021 Census, which reported a population of 2,073. The change is inferred from AreaSearch's estimate of 2,129 residents following examination of ABS' latest ERP data release (June 2024) and validation of five new addresses since the Census date. This level of population results in a density ratio of 54 persons per square kilometer. Natural growth contributed approximately 57% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections from 2023 with adjustments made employing weighted aggregation methods. Growth rates by age group are applied across all areas for years 2032 to 2041. Considering projected demographic shifts, an above median population growth is projected for the suburb of Macedon, with an expected increase of 459 persons to 2041 based on aggregated SA2-level projections, reflecting a total increase of 21.2% 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 shows Macedon had virtually no dwelling approvals in recent years, totalling an estimated 4 homes over the past five financial years from FY21 to FY25. So far in FY26, 0 approvals have been recorded. This translates to an average of 18.2 new residents per year arriving per dwelling constructed during this period.

Given the high demand outpacing supply, it typically puts upward pressure on prices and increases competition among buyers. The average construction value of dwellings is $1,104,000, indicating a focus on the premium segment with upmarket properties. Compared to Greater Melbourne, Macedon has significantly less development activity. This constrained new construction usually 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 count of 1426 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

Eight projects identified by AreaSearch are expected to impact the area, with key initiatives including Hanging Rock to Daylesford Shared Trail, Macedon Ranges Sports Precinct, Hamilton Road Reconstruction from New Gisborne to Riddells Creek, and Gisborne Business Park Development. The following list details those likely to be 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 strong professional services representation and an unemployment rate of 1.3%, according to AreaSearch's aggregation of statistical area data. As of December 2025, 1,184 residents are employed, with an unemployment rate of 3.5% below Greater Melbourne's rate of 4.8%. Workforce participation is at 71.3%, matching Greater Melbourne's figure.

Census responses indicate that 39.5% of residents work from home. Employment is concentrated in education & training, construction, and professional & technical sectors. The area specializes in education & training, with an employment share 1.5 times the regional level. Conversely, accommodation & food services show lower representation at 3.6%, compared to the regional average of 6.4%.

Over the year ending December 2025, labour force levels decreased by 0.6% alongside a 0.6% employment decline, keeping unemployment relatively stable at 1.3%. In contrast, Greater Melbourne experienced employment growth of 2.4% and labour force growth of 2.8%, with unemployment rising by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Macedon's employment mix suggests local employment should increase by 6.7% over five years and 13.6% over ten years, assuming constant population projections for illustrative purposes.

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 on 1st July 2023 for financial year 2023, the suburb of Macedon's median income among taxpayers is $62,536. The average income in Macedon is $99,347. Nationally, these figures are exceptionally high compared to Greater Melbourne's median of $57,688 and 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. According to Census 2021 income data, household, family and personal incomes in Macedon rank highly nationally, between the 72nd and 85th percentiles. Income analysis shows that the largest segment comprises 27.0% earning $1,500 - 2,999 weekly (576 residents), similar to the metropolitan region where 32.8% occupy this bracket. A substantial proportion of high earners in Macedon (40.8%) have incomes 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

The latest Census evaluation of Macedon's dwelling structures showed 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 dwellings 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, including 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. Bachelor degrees are the most common at 23.8%, followed by postgraduate qualifications (10.0%) and graduate diplomas (5.9%). Vocational credentials are also prevalent, with 31.7% of residents holding such qualifications - advanced diplomas account for 11.5% while certificates make up 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 mix of train services. These stops are served by four distinct routes, collectively facilitating 230 weekly passenger trips. Transport accessibility is limited with residents typically located 1081 meters from the nearest stop. As a predominantly residential area, most commuters travel outward. Car remains the primary mode of transport at 94%. Vehicle ownership averages 2.0 per dwelling, exceeding regional averages.

A significant 39.5% of residents work from home (2021 Census). Service frequency averages 32 trips daily across all routes, equating to 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 excellent results, according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Private health cover is exceptionally high at approximately 66% of the total population (1,407 people), compared to 56.7% in Greater Melbourne and a 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 clear of medical ailments, compared to 72.6% in Greater Melbourne. Health outcomes for the under-65 population are better than average. Macedon has 20.2% of residents aged 65 and over (431 people), higher than Greater Melbourne's 15.1%. Health outcomes among seniors in Macedon rank even higher than those of 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 had a cultural diversity index below the 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 predominant religion in Macedon, comprising 38.4% of the population. However, Judaism was not represented in Macedon's population, unlike Greater Melbourne where it makes up 1.0%.

The top three ancestry groups in Macedon were Australian (29.7%), English (28.5%), and Irish (10.3%). Some ethnic groups showed notable differences: Polish at 1.1% compared to the regional average of 0.8%, Dutch at 2.0% versus 1.2%, and Maltese at 1.5% against 1.1%.

Macedon hosts a notably older demographic compared to the national average

Macedon has a median age of 44, which is higher than Greater Melbourne's figure of 37 and the national norm of 38. The age group of 5-14 years old makes up 17.5% of Macedon's population, compared to Greater Melbourne's percentage, while the 25-34 cohort represents only 2.5%. This concentration of the 5-14 age group is significantly higher than the national average of 12.1%. According to the 2021 Census, the 75 to 84 age group has increased from 5.3% to 8.2%, and the 15 to 24 cohort has risen from 11.0% to 12.8%. Conversely, the 65 to 74 age group has decreased from 13.0% to 9.9%, and the 25 to 34 group has fallen from 5.2% to 2.5%. By 2041, demographic modeling indicates that Macedon's age profile will change significantly. The 45 to 54 age group is projected to grow by 35%, adding 128 people and reaching a total of 500 from the current 371. Meanwhile, the numbers in the 35 to 44 age range are expected to decrease by approximately 3%.