Macedon, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Macedon
VICCensus 2021 · Population 2,073
Macedon is a suburb with a population of 2,073, characterized by a slightly older median age of 44 compared to the Victorian average of 38. The community is predominantly made up of families, with 49.0% being couples with children and 40.5% being couples without children. The suburb has a high level of home ownership, with 43.6% owning their homes outright and 45.1% owning with a mortgage. The area is known for its high median household income of $2,353 per week, significantly above the Victorian average of $1,759.
Key Highlights
- High income levels - median household income of $2,353 per week (vs VIC $1,759)
- Low unemployment rate at 2.6% (vs VIC 5.0%)
- High percentage of professionals - 32.5% of workforce
- Predominantly owner-occupied housing - 88.7% owned
- Significant work-from-home culture - 33.4% (vs VIC 25.7%)
Things to Consider
- Higher median age may not appeal to younger demographics
- Limited public transport options with only 1.4% usage
- High property prices may challenge first-home buyers
- Low rental market presence at 8.8%
- Limited cultural diversity with 81.5% born in Australia
What's it like living here?
Daily life in Macedon is marked by a strong sense of community and family orientation. With 33.4% of residents working from home, there is a noticeable presence of professionals who prefer a quieter, suburban lifestyle. Commuting is primarily done by car, with 44.3% of the population driving to work, while public transport usage is minimal at 1.4%.