Macedon

Macedon is a small suburb with a population of 2073 residents. The median household income is $2,353 per week. The predominant age groups are 5-19 years and 45-64 years. The suburb has a high percentage of professionals, managers, and technicians/tradeworkers. The commute to work is mainly by motor vehicle, followed by working from home. For investors interested in houses, Macedon offers a diverse range of property options with a good yield median of 4.0%. The suburb experiences a moderate median growth rate and has a high room demand-supply ratio, indicating a potential for capital growth. The social housing ratio is relatively low, which can be attractive for investors looking for upscale properties. Overall, Macedon is a peaceful suburb with a mix of demographics and a high educational advantage for students. Investors focusing on houses can benefit from the suburb's rental yields and potential for capital growth. Homeowners looking to settle in Macedon can enjoy the community vibe and easy access to essential amenities. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022