$380 —
Higher than 83% of urban centre areas.
- 2016: $210
- 2021: $380
Median weekly rent paid by households renting their home.
Macedon · Urban Centre
Housing & Dwellings in Macedon
Where and how people live — the homes, how they are held, and what they cost.
Much higher mortgage and rent costs than the national average define the housing market in Macedon. The area is dominated by large, detached homes, with the typical monthly mortgage payment sitting well above the Victorian and Australian figures. This creates a high-cost environment where home ownership is the primary way people live.
$380
—
- $0–$21: 2 areas
- $21–$43: 6 areas
- $43–$64: 18 areas
- $64–$86: 38 areas
- $86–$107: 35 areas
- $107–$129: 46 areas
- $129–$150: 25 areas
- $150–$171: 104 areas
- $171–$193: 82 areas
- $193–$214: 143 areas
- $214–$236: 130 areas
- $236–$257: 175 areas
- $257–$279: 114 areas
- $279–$300: 125 areas
- $300–$321: 194 areas
- $321–$343: 101 areas
- $343–$364: 128 areas
- $364–$386: 82 areas
- $386–$407: 92 areas
- $407–$429: 41 areas
- $429–$450: 24 areas
- $450–$471: 32 areas
- $471–$493: 13 areas
- $493–$514: 19 areas
- $514–$536: 14 areas
- $536–$557: 9 areas
- $557–$579: 6 areas
- $579–$600: 15 areas
All urban centre areas, 2021. The marker is Macedon — higher than 83% of areas.
Housing costs
Rents, mortgages and crowding.
Typical monthly mortgage payments are well above the national figure, reaching $2,492. Weekly rents have also climbed steeply, rising $170 since 2016 to reach a typical $380, which is much higher than most areas.
$2,492 ▲ +149.2%
Higher than 99% of urban centre areas.
- 2011: $1,000
- 2016: $1,148
- 2021: $2,492
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Macedon, the largest group is $350–$549 at 47%, followed by $200–$349 (23%) and Under $200 (17%).
Monthly mortgage distribution
View on map →Macedon splits fairly evenly between $3,000 or more (35%) and $1,800–$2,999 (34%), with $1,000–$1,799 at 17%.
Owning & renting
How homes are owned or rented.
Home ownership is very common here, with 43.7% of homes owned outright, a figure far above the national average. Conversely, the share of households renting is much lower than most areas and fell 18 points since 2011.
8.2% ▼ -68.7%
Lower than 90% of urban centre areas.
- 2011: 26.3%
- 2016: 26.2%
- 2021: 8.2%
Share of occupied private dwellings that are rented.
43.7% ▲ +20.3%
Higher than 63% of urban centre areas.
- 2011: 36.3%
- 2016: 38.2%
- 2021: 43.7%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →Macedon splits fairly evenly between Owned with a mortgage (46%) and Owned outright (44%), with Rented at 8%.
Types of homes
Houses, townhouses, apartments and bedrooms.
Separate houses make up 97.8% of the market, which is far above the state average. This preference for larger homes is reflected in the fact that 89.1% of dwellings have three or more bedrooms.
0.80 ▼ -27.3%
Higher than 57% of urban centre areas.
- 2011: 1.10
- 2016: 0.80
- 2021: 0.80
Average number of usual residents per bedroom — a crowding measure.
97.8% ▲ +5.8%
Higher than 75% of urban centre areas.
- 2011: 92.4%
- 2016: 94.6%
- 2021: 97.8%
Share of occupied private dwellings that are separate houses.
89.1% ▲ +33.1%
Higher than 85% of urban centre areas.
- 2011: 66.9%
- 2016: 75.7%
- 2021: 89.1%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Macedon, Separate house is the majority at 98%; Other dwelling is next at 1%.
Bedrooms per home
View on map →In Macedon, the largest group is 3 bedrooms at 43%, followed by 4 bedrooms (35%) and 5 or more (12%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Macedon
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Macedon [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/ucl/UCL215050/macedon/topic/housing-dwellings