Macedon Ranges Shire Council

Hepburn

VIC3461

Hepburn at a glance

Median house

$600,000

Median unit

$240,480

Walk score

0

Very car dependent

Population

631

Median age 52

The brief

What to know about Hepburn.

The postcode for Hepburn is 3461 (VIC).

The median house price in Hepburn is $600,000.

Hepburn (3461) sits in the Macedon Ranges region of Victoria. The median house here is $600,000, below the Victoria median of around $850K.

Hepburn has roughly 631 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.

Side by side

Compare Hepburn with a nearby suburb.

Median, growth, schools, walkability, all in one view.

Day to day

What it’s like to live here.

Hepburn scores 0/100 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's population at 631, with a median age of 52. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (85% own, 15% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (61% family households, 36% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.

Population

631

Median age

52

Family households

61%

Lone person

36%

Demographics data as of May 2026· ABS 2021 Census

Houses change hands at $600,000 on a typical sale, below the Victoria median. Units come in around $240,480, roughly 60% below the house median.

For buyers

A 20% deposit on the median house works out to roughly $120,000. Prices are below the Victoria median, which keeps Hepburn on the radar for first-home buyers and right-sizers.

See what you can borrow

Market

The price of a home here.

Median house price

$600,000

+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)

$350/wk

Owner occupied

85%

Renter occupied

15%

At a deeper level

Median House PriceSource: Land Victoria / DTP · May 2026

$600,000

Median Unit PriceSource: Land Victoria / DTP · May 2026

$240,480

PopulationSource: ABS Census 2021 · May 2026

631

Median age: 52

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For investors

Investment overview.

Gross rental yield on houses sits at 2.64% (median rent $305/wk against a $600,000 price tag). Units yield 7.57% gross, often the better cash-flow play for first-time investors. Renter share is modest (15%), 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 2026

2.64%

Based on $600,000 median

Gross Yield (Unit)

Source: Land Victoria / DTP · May 2026

7.57%

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 2026

85%

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.

Offence Summary

9

total offences in 2025

Top offence categories

B Property and deception offences6 (66.7%)
E Justice procedures offences3 (33.3%)

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.

Walk Score

0

Transit Score

0

Bike Score

0

Scores calculated from OpenStreetMap data (ODbL)

Walkability data as of May 2026· OpenStreetMap

Place

Location.

Amenities

Transport

Nearby suburbs

Education

Schools in Hepburn.

Local schools for Hepburn

View the catchment for each school to find out more.

Government School Catchment

Hepburn Primary School

Prep-6CoEdGovernment
View Catchment

Daylesford Secondary College

7-12CoEdGovernment
View Catchment

Daylesford Primary School

Prep-6CoEdGovernment
View Catchment

© 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)

J
F
M
A
M
J
J
A
S
O
N
D

Weather data from BOM station Ballarat Aerodrome (13 km away)

Climate data as of May 2026· Bureau of Meteorology

Frequently asked

About Hepburn.

What is the median house price in Hepburn?
The median house price in Hepburn, VIC 3461 is $600,000. The median unit price is $240,480.
What is the Hepburn postcode?
Hepburn is in the 3461 postcode, in VIC, in the Macedon Ranges Shire Council region.
Where is Hepburn?
Hepburn is a regional suburb in VIC, postcode 3461, in the Macedon Ranges Shire Council region.
What is the average rent in Hepburn?
The median weekly rent for houses is $305, for units it's $350.
What schools are in Hepburn?
There are 5 schools serving Hepburn on this page, including Hepburn Primary School, Daylesford Secondary College, St Michael's School.
How walkable is Hepburn?
Hepburn has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
What suburbs are near Hepburn?
Hepburn is close to Elevated Plains, Basalt, Hepburn Springs, Dry Diggings, Shepherds Flat.
What is the population of Hepburn?
The population of Hepburn is approximately 631 (2021 Census). The median age is 52.

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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