mount macedon

3441, Victoria

Real Estate & Property Information

Median
Price Rank
189

mount macedon Suburb Profile & Review

Mount Macedon is a stunning historical town located on the side of the mountain of the same name. It was established by Melbourne's wealthy elite in the post gold rush era and used as a summer retreat. Today, its Victorian mansions feature extraordinary English gardens that are open to the public during April and November. It is also a popular filming location for Hollywood productions due to its resemblance to an American town.

The Mount Macedon town centre features a hotel, a general store, a church and several nurseries. Further amenities can be found in Macedon, at the base of the mountain. Along its main thoroughfare, Victoria Street, you will find a supermarket and scrumptious country dining. Sitka Foodstore & cafe is a favourite with locals.

The Macedon Regional Park, which surrounds most of Mount Macedon, features many of the town's main reserves, including Memorial Cross Reserve, where you will find picnic areas and the Top of the Range Tearooms. Macedon Station provides frequent V/Line train services to Melbourne on the Bendigo line, a trip that takes less than an hour. It is also a short forty minute drive to Tullamarine Airport. For education, primary school aged children attend either Macedon Primary School or Mount Macedon Primary School. Braemar College is a prestigious private school located in neighbouring Woodend, which caters to years 5-12.

mount macedon Demographic Data

$ 575,000 Median House Price

47 Minutes Average Commute

45 Median Age

1,321 Population

48.15 % Female

51.85 % Male

390 NO OF FAMILIES

2.0 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in mount macedon, Victoria.

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mount macedon Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

mount macedon Median House Prices

  • 2008 $ 450,000
  • 2009 $ 430,500
  • 2010 $ 506,500
  • 2011 $ 555,500
  • 2012 $ 575,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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mount macedon 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in mount macedon have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term mount macedon property price predictions.

mount macedon Market Property Types

  • 100 % Seperate House
  • 0 % Semi Detached
  • 0 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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mount macedon Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

mount macedon Income & Mortgage Stats

  • $ 1,779 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in mount macedon

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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mount macedon Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

mount macedon Sold Property Prices

mount macedon Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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mount macedon Cafes

  • Top of the Range Cafe and Gallery400 Cameron Drmount macedon VIC 344103 5427 3466

mount macedon Schools

  • Mount Macedon Primary SchoolMount Macedon Roadmount macedon VIC 3441(03) 5426 1446State Primary School

mount macedon Sporting Centres and Clubs

  • Mount Macedonmount macedon VIC 3441Golf Course

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