Mount Macedon

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

As of February 2026, the estimated population of the suburb of Mount Macedon is around 1,518. This figure represents an increase of 68 people since the 2021 Census, which reported a population of 1,450. The recent population estimate of 1,516 by AreaSearch was derived from examining the latest ERP data release by the ABS in June 2024 and validating five new addresses since the Census date. This results in a population density ratio of approximately 44 persons per square kilometer. Natural growth contributed to around 57% of overall population gains during recent periods, primarily driving population growth in the area.

AreaSearch has adopted 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 uses 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. Future population trends project an above median growth for the suburb of Mount Macedon, with an expected increase of 289 persons by 2041 based on aggregated SA2-level projections. This reflects an overall increase of approximately 18.9% over the seventeen-year period.

AreaSearch assessment of residential development drivers sees a low level of activity in Mount Macedon, placing the area among the bottom 25% of areas assessed nationally

Based on AreaSearch analysis of ABS building approval numbers, Mount Macedon has seen approximately four new homes approved annually. Over the past five financial years, from FY21 to FY25, around 21 homes were approved, with two more approved so far in FY26. On average, about 1.5 new residents arrived per year for each new home over these five years. However, this figure has increased to 6.3 people per dwelling over the past two financial years, indicating growing demand and tightening supply.

New properties are constructed at an average expected cost of $1,104,000, suggesting a focus on premium segment dwellings. Commercial approvals totaled $425,000 this financial year, predominantly reflecting residential development. Compared to Greater Melbourne, Mount Macedon has significantly lower building activity, 68.0% below the regional average per person. This limited new construction typically reinforces demand and pricing for existing dwellings. Activity is also lower than nationally, implying market maturity and possible development constraints.

Recent development has consisted solely of detached dwellings, maintaining the area's low-density nature and attracting space-seeking buyers. The estimated population count per dwelling approval is 985 people. Future projections suggest Mount Macedon will add approximately 287 residents by 2041, potentially leading to housing supply struggles in keeping up with population growth, which could intensify buyer competition and support price increases.

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

No changes can significantly affect a region's performance like modifications to local infrastructure, major projects, and planning initiatives. AreaSearch has identified zero projects that are probable to impact this area. Notable projects include Outer Metropolitan Ring / E6 Transport Corridor, Regional Housing Fund Projects, Outer Metropolitan Ring / E6 Transport Corridor, and Victorian Renewable Energy Zones. The following list details those most likely to be relevant.

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Employment performance in Mount Macedon ranks among the strongest 15% of areas evaluated nationally

Mount Macedon has a highly educated workforce with professional services well represented. Its unemployment rate is 1.2%, as per AreaSearch's aggregation of statistical area data. As of December 2025844 residents are employed while the unemployment rate is 3.6% lower than Greater Melbourne's 4.8%.

Workforce participation is similar to Greater Melbourne's 71.3%. Census responses show that 42.3% of residents work from home, but Covid-19 lockdown impacts should be considered. Dominant employment sectors include professional & technical, health care & social assistance, and public administration & safety. Public administration & safety has notably high concentration with employment levels at 1.8 times the regional average.

Retail trade employs only 6.6% of local workers compared to Greater Melbourne's 9.8%. The area offers limited local employment opportunities as indicated by Census working population vs resident population count. Between December 2024 and December 2025, labour force decreased by 0.9%, alongside a 1.1% employment decline, causing unemployment rate to rise by 0.1 percentage points. This contrasts with Greater Melbourne where employment rose by 2.4%. 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 Mount Macedon's employment mix suggests local employment should increase by 6.6% over five years and 13.5% over ten years, assuming constant population projections for illustrative purposes.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's aggregation of latest postcode level ATO data for financial year 2023 shows Mount Macedon had a median taxpayer income of $71,594 and an average income of $113,736. 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 Mount Macedon as of September 2025 would be approximately $77,501 (median) and $123,119 (average). Census 2021 income data ranks household, family, and personal incomes in Mount Macedon between the 84th and 93rd percentiles nationally. Income distribution shows 30.2% of residents earn over $4000 weekly, contrasting with the surrounding region where the $1500 - $2999 bracket leads at 32.8%. The area's affluence is evident with 46.2% earning over $3000 weekly, supporting premium retail and services. After housing costs, residents retain 88.3% of income, reflecting strong purchasing power. Mount Macedon's SEIFA income ranking places it in the 9th decile nationally.

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

Mount Macedon's dwellings, as per the latest Census, consisted of 99.2% houses and 0.8% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Melbourne metro's figures of 67.9% houses and 32.1% other dwellings. Home ownership in Mount Macedon stood at 45.6%, with mortgaged dwellings at 47.8% and rented ones at 6.6%. The median monthly mortgage repayment was $2,604, higher than Melbourne metro's $2,000. Weekly rent median was $330, lower than Melbourne metro's $390. Nationally, Mount Macedon's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially below the national figure of $375.

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

Family households constitute 81.0% of all households, including 36.7% couples with children, 39.2% couples without children, and 5.0% single parent families. Non-family households account for the remaining 19.0%, with lone person households at 17.1% and group households comprising 1.9%. The median household size is 2.6 people, aligning with the Greater Melbourne average.

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

Educational attainment in Mount Macedon is notably high, with 46.8% of residents aged 15 years and above holding university qualifications. This figure exceeds the broader benchmarks of 27.7% for the SA3 area and 27.7% for the SA4 region. The most common university qualification is Bachelor degrees, held by 27.9% of residents in this age group, followed by postgraduate qualifications (13.6%) and graduate diplomas (5.3%). Vocational credentials are also prevalent, with 28.0% of residents aged 15 years and above holding such qualifications.

This includes advanced diplomas (12.8%) and certificates (15.2%). Educational participation is high, with 29.0% of residents currently enrolled in formal education. This includes secondary education (10.4%), primary education (10.3%), and tertiary education (4.0%).

No public transport data available for this catchment area.

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

Mount Macedon's health outcomes show excellent results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Approximately 72% of Mount Macedon's total population (1,085 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 (affecting 8.1%) and asthma (6.6%). Notably, 71.8% of residents report being completely free from medical ailments, slightly lower than Greater Melbourne's 72.6%. Working-age residents have low chronic condition prevalence. Mount Macedon has a higher proportion of seniors aged 65 and over at 24.0% (364 people), compared to Greater Melbourne's 15.1%. Health outcomes among seniors align with national rankings, similar to the general population.

Mount Macedon ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Mount Macedon had a lower than average level of cultural diversity, with 88.2% of its population being citizens, 81.2% born in Australia, and 95.6% speaking English only at home. Christianity was the predominant religion in Mount Macedon, comprising 37.9% of the population. However, Judaism was not represented in Mount Macedon's population, compared to 1.0% across Greater Melbourne.

The top three ancestry groups were English (29.9%), Australian (25.2%), and Irish (12.9%), all substantially higher than their respective regional averages of 20.1%, 18.4%, and 6.5%. Notably, Dutch, Scottish, and Welsh ethnicities were overrepresented in Mount Macedon compared to regional averages: Dutch at 2.3% vs 1.2%, Scottish at 9.6% vs 5.6%, and Welsh at 0.8% vs 0.4%.

Mount Macedon hosts an older demographic, ranking in the top quartile nationwide

Mount Macedon's median age is 48 years, which is significantly higher than Greater Melbourne's average of 37 years and Australia's national average of 38 years. The age profile shows that residents aged 55-64 are particularly prominent, making up 16.4% of the population, compared to the national average of 11.2%. Meanwhile, residents aged 25-34 make up only 3.2% of Mount Macedon's population, which is smaller than the Greater Melbourne average. From 2021 to present, the age group 75-84 has grown from 6.5% to 9.1%, and the 15-24 cohort has increased from 7.7% to 9.5%. Conversely, the 25-34 cohort has declined from 6.2% to 3.2%, and the 65-74 group has dropped from 15.9% to 13.5%. Population forecasts for Mount Macedon indicate substantial demographic changes by the year 2041. The 45-54 cohort is projected to grow strongly at a rate of 33%, adding 84 residents and reaching a total of 336. However, population declines are projected for the 0-4 and 35-44 age groups.