Mount Macedon

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

Mount Macedon's population is estimated at around 1,518 as of Feb 2026. This reflects an increase from the 2021 Census figure of 1,450 people, a rise of 68 individuals (4.7%). The latest estimate, 1,516 residents, was calculated by AreaSearch following analysis of ABS's ERP data release in June 2024 and validation of five new addresses since the Census date. This results in a population density of approximately 44 persons per square kilometer. Natural growth contributed roughly 57% to overall population gains recently.

AreaSearch uses 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 employs VIC State Government's Regional/LGA projections from 2023, adjusting using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends indicate an above median growth for the suburb of Mount Macedon, with projections showing a rise of 283 persons by 2041. This reflects a total increase of approximately 16.7% over the 17-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

Mount Macedon has seen approximately 4 new homes approved annually based on AreaSearch analysis. Over the past 5 financial years, from FY21 to FY25, around 21 homes were approved, with an additional 2 approved in FY26. On average, about 1.7 new residents arrived per year for each new home over these years. However, this figure increased to 8.3 people per dwelling over the past 2 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. This year, there have been $425,000 in commercial approvals, predominantly reflecting residential development. Compared to Greater Melbourne, Mount Macedon has significantly lower building activity, with 68.0% fewer approvals per person. This limited new construction typically supports demand and pricing for existing dwellings. Development activity is also lower than the national average, suggesting market maturity and possible constraints.

All recent development has consisted of detached dwellings, maintaining the area's low-density character and attracting space-seeking buyers. The estimated population density is 983 people per dwelling approval. Future projections indicate Mount Macedon will add approximately 254 residents by 2041. At current development rates, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

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

No changes can affect an area's performance more than modifications to local infrastructure, major projects, and planning initiatives. Zero projects have been identified by AreaSearch that could potentially impact the area. Significant 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.

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

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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 strong representation in professional services. Its unemployment rate is 1.4%, with an estimated employment growth of 1.1% over the past year, as per AreaSearch aggregation of statistical area data. As of September 2025856 residents are employed while the unemployment rate is 3.3% lower than Greater Melbourne's rate of 4.7%.

Workforce participation is similar to Greater Melbourne's 71.0%. Census responses indicate that 42.3% of residents work from home, though Covid-19 lockdown impacts should be considered. Employment among residents is concentrated in professional & technical, health care & social assistance, and public administration & safety sectors. The area shows strong specialization in public administration & safety, with an employment share of 1.8 times the regional level.

Retail trade employs only 6.6% of local workers, lower than Greater Melbourne's 9.8%. The area appears to offer limited local employment opportunities based on Census working population vs resident population comparison. Between September 2024 and September 2025, employment levels increased by 1.1%, labour force grew by 1.5%, leading to an unemployment rise of 0.4 percentage points. In contrast, Greater Melbourne saw employment rise by 3.0%, labour force grow by 3.3%, and unemployment increase by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project national employment growth at 6.6% over five years and 13.7% over ten years, with varying growth rates between industry sectors. 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, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

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

Mount Macedon's income level is exceptionally high nationally according to ATO data aggregated by AreaSearch for financial year 2023. The suburb's median income among taxpayers is $71,594 and the average income stands at $113,736. This compares with figures for Greater Melbourne of $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates would be approximately $77,501 (median) and $123,119 (average) as of September 2025. From the 2021 Census, household, family, and personal incomes all rank highly in Mount Macedon, between the 84th and 93rd percentiles nationally. The data shows that the $4000+ earnings band captures 30.2% of the community (458 individuals), contrasting with the surrounding region where the $1,500 - 2,999 bracket leads at 32.8%. Higher earners represent a substantial presence with 46.2% exceeding $3,000 weekly. After housing costs, residents retain 88.3% of income, reflecting strong purchasing power and the area's SEIFA income ranking places it in the 9th decile.

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

Mount Macedon's dwelling structures, as per the latest Census, consisted of 99.2% houses and 0.8% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Melbourne metro's 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, surpassing Melbourne metro's average of $2,000. The median weekly rent was recorded at $330, lower than Melbourne metro's $390. Nationally, Mount Macedon's mortgage repayments were higher than the Australian average of $1,863, while rents were below the national figure of $375.

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

Family households account for 81.0% of all households, consisting of 36.7% couples with children, 39.2% couples without children, and 5.0% single parent families. Non-family households comprise the remaining 19.0%, with lone person households at 17.1% and group households making up 1.9% of the total. The median household size is 2.6 people, which aligns 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

In Mount Macedon, residents aged 15 and above have a notably higher level of educational attainment compared to wider benchmarks. Specifically, 46.8% of the area's residents hold university qualifications, surpassing the SA3 area's 27.7% and the SA4 region's identical 27.7%. This significant educational advantage places Mount Macedon favourably for opportunities requiring advanced knowledge. Bachelor degrees are the most prevalent at 27.9%, followed by postgraduate qualifications (13.6%) and graduate diplomas (5.3%).

Vocational credentials are also prominent, with 28.0% of residents aged 15 and above holding such qualifications – advanced diplomas account for 12.8%, while certificates make up 15.2%. Educational participation in Mount Macedon is notably high, with 29.0% of residents currently enrolled in formal education. This includes 10.4% enrolled in secondary education, 10.3% in primary education, and 4.0% pursuing tertiary education.

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 exceptional results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence were very low across all age groups. Private health cover was found to be exceptionally high at approximately 72% of the total population (1,085 people), compared to Greater Melbourne's 56.7% and the national average of 55.7%.

The most common medical conditions were arthritis and asthma, impacting 8.1 and 6.6% of residents respectively. A significant majority, 71.8%, declared themselves completely clear of medical ailments, compared to Greater Melbourne's 72.6%. Working-age residents showed low chronic condition prevalence. Mount Macedon has a higher proportion of seniors aged 65 and over at 24.1% (365 people), compared to Greater Melbourne's 15.1%. Health outcomes among seniors were particularly strong, broadly in line with the general population nationally.

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 cultural diversity index below the average, with 88.2% citizens, 81.2% born in Australia, and 95.6% speaking English only at home. Christianity was the predominant religion, comprising 37.9%. Judaism was not represented (0.0%) compared to Greater Melbourne's 1.0%.

In terms of ancestry, the top groups were English (29.9%, regional average: 20.1%), Australian (25.2%, regional average: 18.4%), and Irish (12.9%, regional average: 6.5%). Other notable divergences included Dutch at 2.3% (regional: 1.2%), Scottish at 9.6% (regional: 5.6%), and Welsh at 0.8% (regional: 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 individuals aged 55-64 are particularly prominent, making up 16.5% of the population, compared to the national average of 11.2%. Meanwhile, the 25-34 age group is relatively smaller at 3.1%, compared to Greater Melbourne's percentage. Between 2021 and present, the 75-84 age group has grown from 6.5% to 9.2%, while the 15-24 cohort increased from 7.7% to 9.6%. Conversely, the 25-34 cohort has declined from 6.2% to 3.1%, and the 65-74 group has dropped from 15.9% to 13.6%. Population forecasts for Mount Macedon indicate substantial demographic changes by 2041. The 45-54 age cohort is projected to grow by 33%, adding 82 residents to reach a total of 334. In contrast, population declines are projected for the 0-4 and 35-44 age cohorts.