Lancefield

POSTAL CODE: VIC, 3435
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -0.37% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $736,000

The augmented property values in the suburb are trailing behind the territorial average of 4.64% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $595.

Home owners selling their properties and realtors in LANCEFIELD usually have to wait an average of 66.8 days days before their assets are lifted off the market.

The VIC suburb ranks 109th on the list of best yielding suburbs for rental properties in VIC, posting a 4.2% return.

It also places places 412th in Australia based on median property value growth during the quarter.

Surburb overview

Lancefield is a township in the Macedon Ranges region of central Victoria, about 72 kilometres north-west of the Melbourne CBD and approximately 21 kilometres north of Romsey. Situated within the Macedon Ranges Shire, the township serves as an important service centre for surrounding rural communities. It is recognised for its rich agricultural heritage, farmers' markets and food and wine production. Grazing, equine enterprises, viticulture, horticulture, tourism and local businesses all contribute to the area's diverse economy.

According to the 2021 Census, Lancefield had a population of 2,782 people. The township has experienced steady growth while retaining its country character, attracting families, professionals, retirees, and commuters seeking a regional lifestyle within easy reach of Melbourne. Local organisations, sporting clubs and a calendar of markets and community events support its welcoming community.

Lancefield is connected by the Melbourne–Lancefield Road and Northern Highway, providing convenient road access to Melbourne, Kilmore, Romsey, Kyneton and the Calder Freeway. Although the township does not have a railway station, V/Line rail services are available from nearby Clarkefield, Macedon and Kilmore East stations, offering regular connections to Melbourne and regional Victoria. Bus services also provide links to neighbouring towns and surrounding districts.

The township offers a comprehensive range of essential amenities, including primary schools, childcare services, medical clinics, a pharmacy, supermarkets, cafés, hotels, retail businesses, aged care services, a library, community facilities and sporting reserves. Residents also benefit from a range of health and professional services, while larger centres such as Gisborne, Kyneton and Sunbury provide specialist healthcare, secondary education and additional shopping opportunities.

Recreational opportunities include walking and cycling through local parks and reserves, participating in sporting clubs for football, netball, cricket, tennis and bowls, and enjoying the township's popular monthly farmers' market. Nearby wineries, cellar doors and rural attractions showcase the region's food and wine industry, while the Macedon Regional Park and Mount Macedon offer bushwalking, picnic areas, scenic lookouts and opportunities to experience the natural beauty of the Macedon Ranges.

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