Question 1

Is Macedon a nice place to live?

Accepted Answer

Macedon sits at the foot of Mount Macedon in the Macedon Ranges and is known for cool-climate gardens, dense bushland and distinct seasonal change. The village centre has cafés and antique and specialty shops used by visitors and locals, and community life often revolves around markets, garden events and bushwalking in Macedon Regional Park, where the Memorial Cross and picnic areas are popular. Housing ranges from bluestone cottages and early 20th century homes to larger country properties with established gardens, and the town is served by a local station on the Bendigo line and regional roads.

With 2,073 residents and a median age of 44, Macedon is a community weighted towards couple families, who together make up 88.6% of families, and a very high rate of home ownership—owner-occupiers account for 91.0% of homes while renters make up 9.0%. Median total household income is $2,353 a week, roughly $122,356 a year. Local open-space planning and sports-facility work is under way, including detailed designs and a master plan for upgrades at Tony Clarke Reserve and investigation of a potential civic or social recreation open space at 39–43 Victoria Street.

Question 2

Is it expensive to live in Macedon?

Accepted Answer

House rents in Macedon sit at about $800 a week. Against a typical local household income of $2,353 a week as recorded at the most recent Census, that rent would take roughly 34% of a household's weekly income, a sizeable share. For someone renting rather than buying, that rent share is the number that matters and whether it feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Macedon a good place to invest?

Accepted Answer

House values in Macedon edged down 1.4% over the past 12 months, a slight decline in the capital value of houses during the year.

If you are weighing Macedon up as an investment, that 1.4% fall is the figure that speaks to capital growth; whether that fits your objectives and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-1.4%	N/A
Sold Past 3 months	6	N/A
Median days on market Past 12 months	61	N/A
Average rent Past 12 months	$800	N/A
Change in rent Past 12 months	N/A	N/A

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