Thinking about buying in Macedon? Now could not be a better time, with 1202 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,591,000 with prices in this suburb ranging from $88,000 to $7,976,000. The aproximate distance to the coast is 49 Km.
Median Weekly Rent | $430.00 |
Median Monthly Mortgage | $2383.50 |
Median Persons Per Bedroom | 0.85 |
Average Household Size | 3.00 |
Average Age | 42.50 |
Average Income | $1000.50 |
Average Cars Per Dwelling | 2.11 |
Average Properties Within 50M | 8 |
1 Bed  $1,508,000 |
2 Bed  $1,072,000 |
3 Bed  $1,330,000 |
4 Bed  $1,735,000 |
5 Bed  $2,276,000 |
6 Bed+$2,120,000 |
Consistent high demand relative to supply is a key feature in Macedon driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Macedon ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Macedon provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Macedon the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
18 KEATING ST, MACEDON, VIC, 3440 | 2 | 1 | 1 | $725,000 - $775,000 | |
51 SMITH ST, MACEDON, VIC, 3440 | 3 | 2 | 2 | $795,000 | |
UNIT 1, 405 BLACK FOREST DR, MACEDON, VIC, 3440 | 9 | 5 | 8 | $1,699,000 | |
49-51 ELLANDEE CR, MACEDON, VIC, 3440 | $110,000 |
Macedon Primary School
Alice Miller School
Gisborne Montessori School
Mount Macedon Primary School
Holy Cross Primary School
New Gisborne Primary School
(While the above schools are located with the suburb of Macedon there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 14.5 | 27.7 | 34.8 | 87.0 | 5.5 | 24.3 |
Feb | 1.3 | 14.4 | 27.0 | 37.6 | 88.5 | 5.2 | 20.4 |
Mar | 1.3 | 13.1 | 24.6 | 39.8 | 88.6 | 5.0 | 15.9 |
Apr | 1.4 | 10.4 | 20.9 | 43.7 | 90.6 | 4.9 | 11.9 |
May | 1.2 | 8.2 | 16.9 | 51.3 | 90.8 | 5.4 | 8.6 |
Jun | 1.4 | 6.2 | 14.1 | 58.9 | 93.2 | 5.2 | 7.3 |
Jul | 1.0 | 5.9 | 13.7 | 56.0 | 91.4 | 6.2 | 7.7 |
Aug | 1.2 | 6 | 14.7 | 49.2 | 90.3 | 6.1 | 10.3 |
Sept | 1.6 | 7.4 | 17.7 | 42.8 | 89.4 | 6.1 | 14.5 |
Oct | 1.6 | 8.8 | 20.7 | 39.2 | 90.1 | 5.6 | 18.6 |
Nov | 1.9 | 10.7 | 22.9 | 38 | 90.3 | 5.4 | 21.7 |
Dec | 1.7 | 12.6 | 25.5 | 35.7 | 88.6 | 5.4 | 25.3 |
source: Australian Government Bureau of Meteorology
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