MACEDON

Positioned within the entry-level sector of the market, Macedon has evolved into a locality defined by its distinct property landscape. The suburb currently holds a median house price of $680k. Recent market cycles have seen a consolidation phase with a -23% adjustment. For market observers, this represents a stabilization of values following previous cycles, placing the suburb at a different price-point relative to its historical peaks.

Lifestyle Profile

The visual fabric of Macedon is evolving rapidly. It is a mix of the old and the new, where original cottages sit alongside brand-new townhouse developments, signaling a shift in capital investment.

This is a pragmatic, hardworking community. The residents are a diverse blend of long-term locals and ambitious new entrants, creating an unpretentious and welcoming environment.

The local café culture is the 'canary in the coal mine' for this area. New espresso bars and dining spots are popping up, signaling the gentrification ripple effect that often precedes price growth.

The Demographic Profile

Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $74,586. This places Macedon in a bracket where dual-income households are the norm for mortgage serviceability. It reflects a competitive environment where buyers are likely professional couples or established families.

Education & Catchments

School catchment zones are a primary driver of long-term property demand. Macedon benefits from access to high-performing educational assets. Institutions like Mount Macedon Primary School (ICSEA Percentile 96) act as significant drawcards. Historical data shows that catchments for top-tier schools often experience tighter stock retention rates as families hold properties for the duration of schooling.

From a data perspective, Macedon stands out for 'Education Efficiency'. With a Price/ICSEA ratio of $8,717 per point, the suburb offers a statistically attractive entry point for parents prioritizing education relative to property cost.

Market Outlook

With a -23.0% adjustment, the market is currently in a consolidation phase, potentially offering better entry value than peak periods.

Quick FAQ about Macedon:

• Is Macedon expensive? With a median price of $680k, it is considered a entry level market, often attracting buyers seeking accessible living standards.
• What are the schools like? The catchment for Mount Macedon Primary School is a major driver of local demand.