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VIC › Mount Macedon › Waterfalls Rd

20 Waterfalls Rd, Mount Macedon VIC 3441

House

3

Bedrooms

1

Bathrooms

2

Car spaces

1,772 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLand 1,772 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Mount Macedon (last 5 years) with land size: median $482/m² of land (n=33). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned RURAL CONSERVATION ZONE - SCHEDULE 1 (RCZ1) under the ZN.(Vicmap Planning · 31 Aug 2026)

What could make it worth less?

  • FactBUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1 intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)
  • FactRESTRUCTURE OVERLAY - SCHEDULE 10 intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)
  • FactVEGETATION PROTECTION OVERLAY - SCHEDULE 9 intersects 82.9% of this parcel.(Vicmap Planning · 31 Aug 2026)
  • FactVEGETATION PROTECTION OVERLAY - SCHEDULE 2 intersects 16.9% of this parcel.(Vicmap Planning · 31 Aug 2026)

What should you verify next?

  1. 1BUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2RESTRUCTURE OVERLAY - SCHEDULE 10 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3VEGETATION PROTECTION OVERLAY - SCHEDULE 9 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  4. 4VEGETATION PROTECTION OVERLAY - SCHEDULE 2 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  5. 5No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

No recorded sale price for this property yet.

Local land rate: recorded House sales in Mount Macedon (last 5 years) with land size have a median of $482/m² of land (n=33). Districts calculation from recorded sales — not a valuation.

Mount Macedon at a glance

1,504

People

$1,441,000

Median sale

$539/wk

Median rent

1.95%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Macedon report →

Planning

Planning and development

Planning scheme

ZN

Zone

RURAL CONSERVATION ZONE - SCHEDULE 1

RCZ1

Jurisdiction

Macedon Ranges

Macedon Ranges, VIC

Planning overlays

  • RESTRUCTURE OVERLAY - SCHEDULE 10Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 5220590

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Detected — official

The official layer maps a bushfire risk zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Soldprice unknown7 Nov 2023
  2. Listedprice unknowncompleted25 July 2023
  3. Listedprice unknowncompleted25 July 2023

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned RURAL CONSERVATION ZONE - SCHEDULE 1 · RCZ1 (ZN). Official parcel area about 1,773 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 1,773 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1; RESTRUCTURE OVERLAY - SCHEDULE 10; VEGETATION PROTECTION OVERLAY - SCHEDULE 9; VEGETATION PROTECTION OVERLAY - SCHEDULE 2. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $539/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned RURAL CONSERVATION ZONE - SCHEDULE 1 · RCZ1 (ZN). Official parcel area about 1,773 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownlow

    Official parcel about 1,773 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1; RESTRUCTURE OVERLAY - SCHEDULE 10; VEGETATION PROTECTION OVERLAY - SCHEDULE 9; VEGETATION PROTECTION OVERLAY - SCHEDULE 2. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mount Macedon in one glance

Mount Macedon at a glance

1,504

People

$1,441,000

Median sale

$539/wk

Median rent

1.95%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Macedon report →

Keep researching

  • Why Mount Macedon? Read the area thesis →
  • What else is on the market in Mount Macedon →
  • Other records on Waterfalls Rd →

Listing material

Listed by TCC Real Estate Macedon Ranges

Superb Location for Family Perfection

In terms of location, this family property is a charmer. Directly opposite Tony Clarke Reserve for all your sporting needs, a stone’s throw from Macedon’s iconic Honour Avenue, and walking distance to town, school, and VLine – it genuinely couldn’t be better.

Cherished by the same family for nearing forty years, this property provides space, simplicity, and that rural-town feel locals love. An extension over the years has added crucial space, with a huge family room now the go-to zone for living and entertaining. A second lounge and study space create privacy and more options. Amongst curved frames, exposed brick, and classic décor trends of earlier times, the timber kitchen incorporates electric cooktop, dishwasher, and walk-in pantry, whilst an extended laundry with outdoor access is an excellent addition. Bringing warmth and comfort to the three bedroom home is two woodfire heaters and a split AC, with a central bathroom (with bath) meeting your needs.

Outdoors is a spacious, flora and bird-rich haven. Bringing glorious seasonal colours to the garden is a towering Ash, Camellia’s, Daffodils, many glorious maples and a brilliant Snowball tree. It is a perfect haven for young children to explore. With an undercover deck for alfresco dining, town water, access to town gas, double carport, and two garden sheds, all your outdoor needs are met. Enjoy this home in its original glory or leverage those solid foundations to create something that’s truly yours.

Read the full description

Key Features

- Built in 1970’s

- Northern views of Mount Macedon

- 3 living zones – Lounge, Family room & dining.

- Garden sheds

- Immediate access to Tony Clarke Reserve.

- Walking distance to shops & trains.

The sought-after Mt. Macedon lifestyle speaks for itself - live in a vibrant community bursting with activity and family-friendly amenities.

Listing description written by Elona Jaeschke, TCC Real Estate Macedon Ranges — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.