Macedon at a glance
Median house
$700,000
Median unit
$350,640
Walk score
0
Very car dependent
Population
2,073
Median age 44
The brief
What to know about Macedon.
The postcode for Macedon is 3440 (VIC).
The median house price in Macedon is $700,000.
Macedon (3440) sits in the Macedon Ranges region of Victoria. The median house here is $700,000, below the Victoria median of around $850K.
Macedon has roughly 2,073 residents, with an established, older skew. 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.
Macedon 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 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 6 government primary, 1 government secondary, 3 Catholic, 3 independent.
Who lives here
Demographics.
The 2021 Census put Macedon's population at 2,073, with a median age of 44. That sits as an established, older skew. Households are predominantly owner-occupied (89% own, 9% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (80% family households, 18% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
2,073
Median age
44
Family households
80%
Lone person
18%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $700,000 on a typical sale, below the Victoria median. Units come in around $350,640, roughly 50% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $140,000. Prices are below the Victoria median, which keeps Macedon on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$700,000
+0.0% over the past year. Median unit price $350,640.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$371/wk
Weekly rent (unit)
$371/wk
Owner occupied
89%
Renter occupied
9%
At a deeper level
$700,000
$350,640
2,073
Median age: 44
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For investors
Investment overview.
Gross rental yield on houses sits at 2.76% (median rent $371/wk against a $700,000 price tag). Units yield 5.50% gross, often the better cash-flow play for first-time investors. Renter share is modest (9%), 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 20262.76%
Based on $700,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20265.50%
Based on $350,640 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 202689%
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.
120
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.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Macedon.
Local schools for Macedon
View the catchment for each school to find out more.
Government School Catchment
Macedon Primary School
Mount Macedon Primary School
New Gisborne Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Macedon.
- What is the median house price in Macedon?
- The median house price in Macedon, VIC 3440 is $700,000. The median unit price is $350,640.
- What is the Macedon postcode?
- Macedon is in the 3440 postcode, in VIC, in the Macedon Ranges Shire Council region.
- Where is Macedon?
- Macedon is a regional suburb in VIC, postcode 3440, in the Macedon Ranges Shire Council region.
- What is the average rent in Macedon?
- The median weekly rent for houses is $371, for units it's $371.
- What schools are in Macedon?
- There are 13 schools serving Macedon on this page, including Macedon Primary School, Mount Macedon Primary School, Alice Miller School.
- How walkable is Macedon?
- Macedon has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Macedon?
- Macedon is close to Mount Macedon, Woodend, New Gisborne, Cherokee, Gisborne.
- What is the population of Macedon?
- The population of Macedon is approximately 2,073 (2021 Census). The median age is 44.
For Sale
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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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