Macedon Ranges Shire Council
Hepburn Springs
Hepburn Springs at a glance
Median house
$756,000
Median unit
$240,480
Walk score
2
Very car dependent
Population
368
Median age 58
The brief
What to know about Hepburn Springs.
Hepburn Springs (3461) sits in the Macedon Ranges region of Victoria. The median house here is $756,000, in line with the Victoria median of around $850K.
Hepburn Springs has roughly 368 residents, with a retiree-heavy demographic. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
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Day to day
What it’s like to live here.
Hepburn Springs scores 2/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 23°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Ballarat Aerodrome station, 12.8km away.
Schooling within or near the suburb covers 2 government primary, 1 government secondary, 1 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Hepburn Springs's population at 368, with a median age of 58. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (75% own, 23% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (42%), often a marker of unit-heavy stock and walkable infrastructure.
Population
368
Median age
58
Family households
56%
Lone person
42%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $756,000 on a typical sale, in line with the Victoria median. Units come in around $240,480, roughly 68% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $151,000. Prices are in line with the Victoria median, so the broader state lending settings apply.
Market
The price of a home here.
Median house price
$756,000
+0.0% over the past year. Median unit price $240,480.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$305/wk
Weekly rent (unit)
$341/wk
Owner occupied
75%
Renter occupied
23%
At a deeper level
$756,000
$240,480
368
Median age: 58
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For investors
Investment overview.
Gross rental yield on houses sits at 2.10% (median rent $305/wk against a $756,000 price tag). Units yield 7.37% gross, often the better cash-flow play for first-time investors. Renter share is modest (23%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.10%
Based on $756,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20267.37%
Based on $240,480 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202675%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
13
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
2
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Hepburn Springs.
Local schools for Hepburn Springs
View the catchment for each school to find out more.
Government School Catchment
Hepburn Primary School
Daylesford Secondary College
Daylesford Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
23.2°C
Coldest Month (avg min)
7.3°C
Monthly Rainfall (mm)
Weather data from BOM station Ballarat Aerodrome (13 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Hepburn Springs.
- What is the median house price in Hepburn Springs?
- The median house price in Hepburn Springs, VIC 3461 is $756,000. The median unit price is $240,480. Annual growth is +0.0%.
- What is the Hepburn Springs postcode?
- Hepburn Springs is in the 3461 postcode, in VIC, in the Macedon Ranges Shire Council region.
- What is the average rent in Hepburn Springs?
- The median weekly rent for houses is $305, for units it's $341.
- What schools are in Hepburn Springs?
- There are 5 schools serving Hepburn Springs on this page, including Hepburn Primary School, Daylesford Secondary College, St Michael's School.
- How walkable is Hepburn Springs?
- Hepburn Springs has a Walk Score of 2 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Hepburn Springs?
- Hepburn Springs is close to Hepburn, Dry Diggings, Elevated Plains, Basalt, Daylesford.
- What is the population of Hepburn Springs?
- Hepburn Springs has approximately 368 residents. The median age is 58.
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Hepburn Springs
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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