Macedon

POSTAL CODE: VIC, 3440
HOUSE

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 $1,035,000

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 N/A.

Home owners selling their properties and realtors in MACEDON usually have to wait an average of 59.5 days days before their assets are lifted off the market.

The VIC suburb ranks 676th on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

It also places places 451st in Australia based on median property value growth during the quarter.

Surburb overview

Macedon is a township in the Macedon Ranges region of central Victoria, about 64 kilometres north-west of the Melbourne CBD and approximately 8 kilometres south of Woodend. Situated within the Macedon Ranges Shire, the township lies at the foot of Mount Macedon and is renowned for its cool-climate environment, historic gardens, and significant natural attractions. Tourism, hospitality, viticulture, horticulture and local businesses contribute to the economy, alongside residents who commute to Melbourne and nearby regional centres.

According to the 2021 Census, Macedon had a population of 1,513 people. The township has an established community comprising families, professionals, retirees and long-term residents who are attracted by its natural surroundings, heritage character and accessibility to Melbourne. The area retains a village atmosphere while accommodating steady residential growth.

Macedon is well connected by the Calder Freeway and local roads, providing convenient access to Melbourne, Bendigo, Gisborne and neighbouring townships throughout the Macedon Ranges. Macedon Railway Station is located on the V/Line Bendigo line, offering regular rail services to Melbourne's Southern Cross Station, Bendigo and other regional destinations. Local bus services also provide connections to nearby communities, including Woodend and Gisborne.

The township offers a range of essential amenities, including a primary school, childcare services, cafés, restaurants, a general store, community facilities, sporting reserves and local businesses. Residents also have access to medical clinics, supermarkets, pharmacies and additional retail services in nearby Gisborne and Woodend. Specialist healthcare, secondary education and a broader range of professional services are available in Kyneton, Sunbury and metropolitan Melbourne.

Recreational opportunities are centred on the natural attractions surrounding the township. Mount Macedon and the Macedon Regional Park offer extensive bushwalking tracks, picnic areas, scenic lookouts and opportunities for birdwatching and wildlife observation. Popular destinations such as the Mount Macedon Memorial Cross, Sanatorium Lake and nearby heritage gardens attract visitors throughout the year. Residents also enjoy local sporting clubs, cycling routes, wineries, cellar doors and community events that celebrate the region's food, wine and natural landscapes.

You’re out of free articles for this month
Loading form...