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 May 2026, the estimated population of Mount Macedon is around 1,504. This reflects an increase from the 2021 Census figure of 1,450 people, a rise of 54 individuals (3.7%). The latest resident population estimate comes from AreaSearch following examination of the June 2025 ABS ERP data release and six additional validated new addresses since the Census date. This results in a population density ratio of 44 persons per square kilometer. Recent population growth was primarily driven by natural growth, contributing approximately 57% to overall gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered, they utilise VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, the suburb of Mount Macedon is expected to grow by 285 persons to 2041, reflecting an overall gain of approximately 19% over the 16-year period.

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

Mount Macedon has seen approximately 4 new homes approved annually based on AreaSearch analysis of ABS building approval numbers. Between FY-21 and FY-25, around 21 homes were approved, with an additional 2 approved so far in FY-26. This results in an average of 3.5 people moving to the area per dwelling built over these years.

Demand significantly outpaces supply, which typically influences prices upwards and intensifies competition among buyers. New properties are constructed at an average expected cost of $1,104,000, indicating a focus on the premium market with high-end developments. This financial year has seen $425,000 in commercial approvals, suggesting a predominantly residential focus. Compared to Greater Melbourne, Mount Macedon has significantly less development activity, 68.0% below the regional average per person. This constrained new construction usually reinforces demand and pricing for existing dwellings.

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 count is 1002 people per dwelling approval, reflecting its quiet, low activity development environment. Population forecasts indicate Mount Macedon will gain 285 residents by 2041. At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

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

No infrastructure projects identified by AreaSearch will influence the area's performance. Key projects mentioned include Outer Metropolitan Ring/E6 Transport Corridor, Regional Housing Fund Projects, Outer Metropolitan Ring/E6 Transport Corridor again, and Victorian Renewable Energy Zones.

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

Mount Macedon has a highly educated workforce with strong representation in professional services. The unemployment rate is 1.0% as of AreaSearch's aggregation of statistical area data. As of December 2025855 residents are employed, with an unemployment rate of 3.7%, lower than Greater Melbourne's rate of 4.8%.

Workforce participation is similar to Greater Melbourne's 69.9%. According to Census responses, 42.3% of residents work from home, though Covid-19 lockdown impacts should be considered. Employment is concentrated in professional & technical, health care & social assistance, and public administration & safety sectors. The area has a higher-than-average employment share in public administration & safety (1.8 times the regional level) but lower representation in retail trade (6.6% vs regional average of 9.8%).

Over the 12 months to December 2025, labour force levels decreased by 0.8%, with a 0.9% employment decline, causing the unemployment rate to rise by 0.1 percentage points. In contrast, Greater Melbourne experienced employment growth of 2.4% and labour force growth of 2.8%. Jobs and Skills Australia's national employment forecasts from May-25 project national employment expansion by 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, based on a simple weighting extrapolation 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 latest postcode level ATO data for financial year 2023 shows Mount Macedon's median income among taxpayers is $71,594. The average income in the suburb is $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 9.62% since financial year 2023, current estimates for Mount Macedon would be approximately $78,481 (median) and $124,677 (average) as of March 2026. According to Census 2021 income data, household, family, and personal incomes in Mount Macedon rank highly nationally, between the 84th and 93rd percentiles. Income analysis reveals that the largest segment comprises 30.2% earning $4000+ weekly (454 residents), contrasting with the metropolitan region where the $1,500 - 2,999 bracket leads at 32.8%. The substantial proportion of high earners in Mount Macedon, at 46.2% above $3,000/week, indicates strong economic capacity throughout the suburb. After housing costs, residents retain 88.3% of their income, reflecting strong purchasing power. 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 structure, as per the latest Census, consisted of 99.2% houses and 0.8% other dwellings (semi-detached, apartments, 'other' dwellings), compared to 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, higher than Melbourne metro's average of $2,000. Median weekly rent in Mount Macedon was $330, lower than Melbourne metro's figure of $390. Nationally, Mount Macedon's mortgage repayments were significantly higher at $2,604 compared to 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 comprise 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, which aligns with Greater Melbourne's 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 over holding university qualifications. This compares to 27.7% in the SA3 area and 27.7% in the SA4 region. Bachelor degrees are most prevalent at 27.9%, followed by postgraduate qualifications at 13.6% and graduate diplomas at 5.3%. Vocational credentials are also common, with 28.0% of residents aged 15 years and over holding such qualifications.

This includes advanced diplomas held by 12.8% of residents and certificates held by 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 were very low across all age groups. Private health cover was exceptionally high at approximately 72% of the total population (1,075 people), compared to Greater Melbourne's 56.7% and the national average of 55.7%.

The most common medical conditions were arthritis (8.1%) and asthma (6.6%). 71.8% of residents declared themselves completely clear of medical ailments, compared to Greater Melbourne's 72.6%. Working-age residents had low chronic condition prevalence. Mount Macedon has 24.0% of residents aged 65 and over (360 people), higher than Greater Melbourne's 15.0%. Health outcomes among seniors were particularly strong, broadly in line with national rankings.

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 was found to have below average cultural diversity, with 88.2% of its population being Australian citizens, 81.2% born in Australia, and 95.6% speaking English only at home. The predominant religion in Mount Macedon is Christianity, comprising 37.9% of the population. However, there was an overrepresentation of Judaism, which makes up 0.0% of Mount Macedon's population compared to 1.0% across Greater Melbourne.

In terms of ancestry, the top three groups in Mount Macedon are 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%. There were also notable divergences in the representation of Dutch (2.3% vs 1.2%), Scottish (9.6% vs 5.6%), and Welsh (0.8% vs 0.4%) ethnic groups.

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 the 55-64 year-old group is particularly prominent, making up 16.4% of the population, compared to the national average of 11.2%. This is considerably higher than Greater Melbourne's percentage for this age group. Meanwhile, the 25-34 year-old group makes up only 3.8% of Mount Macedon's population, which is smaller than the proportion in Greater Melbourne. Between 2021 and present, there have been notable changes in certain age groups. The 75 to 84 year-old cohort has grown from 6.5% to 9.3%, while the 15 to 24 year-old group has increased from 7.7% to 10.3%. Conversely, the 65 to 74 year-old cohort has declined from 15.9% to 13.4%, and the 25 to 34 year-old group has dropped from 6.2% to 3.8%. Population forecasts for Mount Macedon in the year 2041 indicate substantial demographic changes. The 45-54 year-old cohort is projected to grow by 33%, adding 81 residents, reaching a total of 327. Conversely, population declines are projected for the 0-4 and 35-44 age cohorts.