Mount Macedon

Population growth drivers in Mount Macedon are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

The population of Mount Macedon, as estimated by AreaSearch using ABS ERP data from June 2024 and validated new addresses since the Census date in Nov 2025, is around 1,504 people. This shows an increase of 54 individuals (3.7%) compared to the 2021 Census figure of 1,450 people. The estimated resident population used for this calculation was 1,503. The population density in Mount Macedon is approximately 44 persons per square kilometer. Natural growth contributed around 56.99999999999999% of the overall population increase during recent periods.

AreaSearch employs 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 VIC State Government's Regional/LGA projections from 2023, adjusting them using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for the years 2032 to 2041. Based on these projections, Mount Macedon is expected to have an above median population growth, with an increase of 283 persons projected by 2041, reflecting a total increase of 17.8% 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

AreaSearch analysis of ABS building approval numbers allocated from statistical area data indicates approximately 4 new homes approved annually in Mount Macedon. Over the past five financial years, from FY-21 to FY-25, around 22 homes were approved, with 1 more approved so far in FY-26. On average, over these five years, about 1.6 new residents arrived per new home constructed. However, this figure has increased to 8.3 people per dwelling over the past two financial years, suggesting rising demand and tightening supply.

The average construction value of new properties is $1,104,000, indicating 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, 66.0% below the regional average per person. This constrained new construction typically reinforces demand and pricing for existing dwellings. Nationally, activity is also lower, suggesting market maturity and potential development constraints.

Recent development has solely consisted of detached dwellings, maintaining the area's low-density nature and appealing to space-seeking buyers. The estimated population count per dwelling approval is 983 people, reflecting its quiet, low-activity development environment. According to AreaSearch's latest quarterly estimate, Mount Macedon is projected to add 267 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 very high levels of nearby infrastructure activity, ranking in the top 20% nationally

No changes can significantly affect a region's performance like alterations to local infrastructure, major projects, and planning initiatives. AreaSearch has identified zero such projects that could potentially impact this area. Key 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 conditions in Mount Macedon rank among the top 10% of areas assessed nationally

Mount Macedon has a highly educated workforce with strong professional services representation. The unemployment rate was 1.4% in the past year, with an estimated employment growth of 3.8%.

As of June 2025866 residents are employed, with an unemployment rate of 3.3%, below Greater Melbourne's 4.6%. Workforce participation is lower at 61.8%. Employment is concentrated in professional & technical (37%), health care & social assistance (19%), and public administration & safety (20%). The area has a particularly 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, below Greater Melbourne's 9.8%. Employment opportunities appear limited locally based on Census data. Between June 2024 and June 2025, employment levels increased by 3.8%, labour force grew by 4.3%, resulting in a slight unemployment rise to 1.7%. In contrast, Greater Melbourne saw employment rise by 3.5% and unemployment increase slightly more to 1.9%. Jobs and Skills Australia's national employment forecasts from Sep-2022 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.

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

Mount Macedon's median income among taxpayers was $71,594 in financial year 2022. The average income stood at $113,736 during the same period. These figures are higher than Greater Melbourne's median income of $54,892 and average income of $73,761. By September 2025, estimates suggest that Mount Macedon's median income would be approximately $80,300 and the average income around $127,566, based on a 12.16% growth in wages since financial year 2022. According to the 2021 Census, incomes in Mount Macedon rank highly nationally, between the 84th and 93rd percentiles for households, families, and individuals. The $4000+ earnings band captures 30.2% of Mount Macedon's community, with 454 individuals falling into this category. This is in contrast to the surrounding region where the $1,500 - 2,999 bracket leads at 32.8%. A substantial presence of higher earners is evident, with 46.2% exceeding $3,000 weekly. After housing costs, residents retain 88.3% of their income, indicating strong purchasing power. Mount Macedon'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, were 99.2% houses and 0.8% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Melbourne metro's 94.7% houses and 5.3% 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, exceeding Melbourne metro's average of $2,014. Median weekly rent in Mount Macedon was $330, compared to Melbourne metro's $400. Nationally, mortgage repayments were significantly higher at $1,863, while rents were substantially lower at $375.

Mount Macedon features high concentrations of family households, with a lower-than-average 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 comprise the remaining 19.0%, with lone person households at 17.1% and group households making up 1.9%. The median household size is 2.6 people, which is smaller than the Greater Melbourne average of 2.8.

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, a significant proportion of residents aged 15 and over have attained university qualifications, with 46.8% compared to the broader SA3 area's 27.7% and the SA4 region's also 27.7%. This educational advantage is evident in various credentials: Bachelor degrees at 27.9%, postgraduate qualifications at 13.6%, and graduate diplomas at 5.3%. Vocational skills are also prominent, with 28.0% of residents holding such credentials, including advanced diplomas (12.8%) and certificates (15.2%). Educational participation is high, with 29.0% of residents currently enrolled in formal education, comprising 10.4% in secondary, 10.3% in primary, and 4.0% in tertiary education.

Mount Macedon Primary School and Braemar College serve a total of 1,218 students in the area. The ICSEA score for the area is 1137, indicating significant socio-educational advantages and academic achievement. There is one primary school and one K-12 school in the area. Mount Macedon functions as an education hub with a high ratio of school places to residents, at 81.0 per 100, which is significantly higher than the regional average of 16.4. This attracts students from surrounding communities.

No public transport data available for this catchment area.

The level of general health in Mount Macedon is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Mount Macedon exhibits superior health outcomes for both younger and older age groups, with low incidence of common health conditions. The private health cover rate is notably high at approximately 72% (1,075 people), contrasting with Greater Melbourne's 58.9%. Nationally, the average stands at 55.3%.

Arthritis and asthma are the prevalent medical conditions in Mount Macedon, affecting 8.1% and 6.6% of residents respectively. Notably, 71.8% of residents report no medical ailments, compared to Greater Melbourne's 69.3%. The area has a higher proportion of seniors aged 65 and over at 24.0% (360 people), compared to Greater Melbourne's 18.7%. Health outcomes among seniors in Mount Macedon are particularly robust, outperforming the general population in health metrics.

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 showed lower cultural diversity, with 88.2% being Australian citizens and 81.2% born in Australia. English was spoken at home by 95.6%. Christianity was the predominant religion, at 37.9%.

Judaism had no representation (0.0%) compared to Greater Melbourne's 0.1%. Ancestry wise, English (29.9%), Australian (25.2%), and Irish (12.9%) were top groups. Dutch ancestry was overrepresented at 2.3% versus the regional average of 1.5%, Scottish at 9.6% compared to 8.8%, and Welsh at 0.8% against 0.6%.

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 median age of 38 years. The age profile shows that residents aged 55-64 are particularly prominent, making up 16.4% of the population, compared to 11.2% nationally. Meanwhile, the 25-34 age group is smaller at 3.4%, 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 9.5%. Conversely, the 25-34 age group declined from 6.2% to 3.4%, and the 65-74 group dropped from 15.9% to 13.7%. Population forecasts for Mount Macedon indicate substantial demographic changes by 2041. The 45-54 cohort is projected to grow by 37%, adding 89 residents to reach 333. In contrast, population declines are projected for the 0-4 and 35-44 cohorts.