Macedon Ranges Shire, VIC

The Shire of Macedon Ranges is an area in Central Victoria, Australia, well known for its gorgeous mountain ranges, wineries lakes, native forests and picturesque towns. Recent trends in the Macedon Ranges real estate market include an expansion in housing construction due to increased demand from home buyers and property investors.

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The Shire is named after the Macedon Ranges, the region’s most prominent physical feature. It has grown to be one of Victoria’s most popular tourist destinations and is home to some of the state’s most desirable real estate.

Professionals account for 22.2 % of jobs in Macedon Ranges, followed by technicians and trades workers at 16.0 %, managers at 14.6 %, clerical and administrative workers at 13.0 %, and community and personal service workers at 11.3 %. Macedon Ranges residents aged 15 and older have a median weekly personal income of $702.

In Macedon Ranges, 93.7 % of occupied private residences are detached houses, 4.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 1.0 % are flats or apartments, and 0.6 % are other dwellings.

The Macedon Ranges Real Estate Market is one of the most sought after areas in Victoria. Discover the most up-to-date trends and analysis for this LGA by exploring the data below.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
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Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
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Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
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Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
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DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
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Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Macedon Ranges Shire, VIC

What other property markets are there near Macedon Ranges Shire, VIC?

The Shire of Macedon Ranges is a region in Central Victoria, Australia, best known for its expansive native forests, iconic geographical attraction Hanging Rock, and thriving artisan food and wine industries.

Suburbs/localities in this Local Government Area: Goldie 3435, Greenhill 3444, Hesket 3442, Kerrie 3434, Kyneton 3444, Kyneton South 3444, Lancefield 3435, Lauriston 3444, Macedon 3440, Malmsbury 3446, Baynton 3444, Baynton East 3444, Monegeetta 3433, Mount Macedon 3441, New Gisborne 3438, Newham 3442, Pastoria 3444, Pastoria East 3444, Pipers Creek 3444, Benloch 3435, Riddells Creek 3431, Rochford 3442, Romsey 3434, Sidonia 3444, Spring Hill 3444, Tantaraboo 3764, Trentham East 3458, Tylden 3444, Bolinda 3432, Woodend 3442, Woodend North 3442, Springfield 3434, Bullengarook 3437, Cadello 3442, Carlsruhe 3442, Cherokee 3434, Chintin 3756, Clarkefield 3430, Cobaw 3442, Darraweit Guim 3756, Denver 3461, Ashbourne 3442, Edgecombe 3444, Fern Hill 3458, Gisborne 3437, Gisborne South 3437

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