Mount Macedon (Vic.)

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Analysis of ABS population updates for the wider region, alongside new address points validated by Districts since the Census, indicates that the suburb of Mount Macedon has an estimated population of approximately 1,504 as of May 2026. This represents a growth of 54 people (3.7%) relative to the 2021 Census, when the population was recorded at 1,450 people. This shift is derived from the resident population of 1,504, calculated by Districts using the latest ERP data release from the ABS (June 2025) plus an additional 6 validated new addresses since the Census date. With this population level, the area has a density ratio of 44 persons per square kilometer, which offers plenty of space per resident. Natural growth was the primary driver of population increases, accounting for approximately 57% of all population growth during recent periods.

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Districts statistical area aggregations indicate that Mount Macedon has a highly educated workforce with a significant concentration of professionals, and an unemployment rate of only 1.0%. As of March 2026, there are 862 working residents, with the local unemployment rate sitting 3.7% below the Greater Melbourne level of 4.8%, while participation in the labour force matches Greater Melbourne's rate of 70.2%. Census figures indicate that a high proportion of residents, specifically 42.3%, worked from home, although this should be viewed in light of Covid-19 lockdown restrictions.

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According to the latest postcode-level ATO data released by Districts for the financial year 2023, the suburb of Mount Macedon has a median taxpayer income of $71,594 and an average of $113,736. These figures are exceptionally high by national standards and compare to a median of $57,688 and average of $75,164 across Greater Melbourne. Factoring in Wage Price Index growth of 9.62% since the financial year 2023, current estimates for March 2026 would be approximately $78,481 for the median and $124,677 for the average. In the 2021 Census, household, family, and personal incomes in Mount Macedon all ranked highly, placing between the 84th and 93rd percentiles across the country. The largest income segment consists of the 30.2% of residents earning $4000+ per week ( residents), whereas the metropolitan area has its largest segment in the - bracket at . This high concentration of top-bracket earners ( above /week) points to substantial economic capacity in the suburb. After accounting for housing costs, residents retain of their income, indicating strong purchasing power, and the suburb ranks in the th decile on the SEIFA index of relative advantage and disadvantage.

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Analysis of the housing stock in Mount Macedon during the last Census showed that houses made up 99.2% of dwellings, while semi-detached properties, apartments, and other configurations accounted for 0.8%, compared to Melbourne metro where houses represented 67.9% and alternative dwellings made up 32.1%. Outright home ownership in Mount Macedon was significantly higher than in Melbourne metro at 45.6%, while the remaining properties were either held with a mortgage (47.8%) or rented (6.6%). The median monthly mortgage payment in the area was $2,604, which is well above the Melbourne metro average of $2,000, while the median weekly rent was $330, compared to the Melbourne metro average of $390. Across Australia, Mount Macedon's mortgage repayments are notably higher than the national average of $1,863, whereas its rental prices are considerably below the national figure of $375.

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Families make up the vast majority of households at 81.0%, consisting of couples with children at 36.7%, couples without children at 39.2%, and single-parent households at 5.0%. The remaining 19.0% of households are non-family arrangements, with single-person households representing 17.1% and group households comprising 1.9% of the total. The median household size of 2.6 people is identical to the Greater Melbourne average.

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Educational attainment in Mount Macedon is significantly higher than broader regional levels, with 46.8% of residents aged 15+ holding university degrees compared to 27.7% in the SA3 area and 27.7% in the SA4 region. This high concentration of degree holders positions the local workforce well for knowledge-based jobs. Bachelor degrees represent the most common qualification at 27.9%, followed by postgraduate degrees at 13.6% and graduate diplomas at 5.3%. Vocational training is also well represented, with 28.0% of residents aged 15+ holding trade credentials, consisting of advanced diplomas at 12.8% and certificates at 15.2%.

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Health outcomes data reveals excellent results for Mount Macedon, based on Districts' evaluation of mortality rates and the prevalence of chronic conditions, with very low rates of common health issues across all age demographics. The proportion of residents with private health insurance is exceptionally high at approximately 72% of the population (1,075 people), compared to 56.7% in Greater Melbourne and a national average of 55.7%.

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Mount Macedon exhibits lower levels of cultural diversity than average, with citizens making up 88.2% of the population, 81.2% of residents born in Australia, and 95.6% speaking only English at home. Christianity is the primary religion, followed by 37.9% of the population. The most distinct variance from regional averages is in Judaism, which is practiced by no residents, compared to 1.0% across Greater Melbourne.

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With a median age of 48 years, Mount Macedon is significantly older than Greater Melbourne's median of 37 and the national average of 38 years. Residents aged 55 - 64 are highly represented at 16.4% of the population, whereas the 25 - 34 cohort is relatively small at 3.8% compared to Greater Melbourne. This concentration of 55 - 64 year-olds is much higher than the national share of 11.2%. Since 2021, the 75 to 84 cohort has expanded from 6.5% to 9.3% of the population, and the 15 to 24 group has risen from 7.7% to 10.3%. In contrast, the 65 to group has shrunk from to , and the to group has dropped from to . Population forecasts for indicate notable demographic shifts for Mount Macedon, with the to group projected to grow the most at , adding residents to reach while the to and to cohorts are expected to decrease in size.

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Mount Macedon currently has an estimated 81 children under 5 years old, comprising approximately 41 children aged 0-2 and 27 children aged 3-4. This cohort declined by an estimated 7% since the previous census. while population forecasts indicate future decline, with an anticipated decrease of 0% by 2041 (to approximately 81 children). Meanwhile the 5-12 cohort currently amounts to 183. Birth rates in the area have averaged 6.9 per 1,000 residents over the latest two-year period, a low rate (among the bottom 20% of areas assessed nationally). This rate has slowed down slightly in recent years however.