Macleod Property Growth

VIC · 3085 · North-East Melbourne

A leafy residential suburb roughly 14 km north-east of the Melbourne CBD, Macleod is centred on its own Hurstbridge line station and the Macleod Village shopping strip on Aberdeen Road, with the linear parkland of Macleod Park running alongside the rail corridor giving the suburb an established, family-friendly character.

ProfileLast updated: June 2026

Overview

Location: City of Banyule / City of Darebin

A leafy residential suburb roughly 14 km north-east of the Melbourne CBD, Macleod is centred on its own Hurstbridge line station and the Macleod Village shopping strip on Aberdeen Road, with the linear parkland of Macleod Park running alongside the rail corridor giving the suburb an established, family-friendly character.

Market Snapshot

Median House Price

$1.23m

Median Unit Price

$760k

Avg Days on Market

27 days

Demographics

Estimated Population

9,892

Owner Occupier Rate

73.1%

Renter Rate

22.6%

Transport & Connectivity

Macleod has its own station on the Hurstbridge line — the only station on that line with three platforms, allowing peak-period trains to originate or terminate there. Bus routes 514, 548 and 561 connect the suburb to Watsonia, Rosanna, Greensborough and surrounding areas. There are no tram services in Macleod. Major Roads: Aberdeen Road, Ruthven Street, Greensborough Road, Waiora Road. Train Lines: Hurstbridge line (Macleod station). Bus Routes: 514, 548, 561. Macleod is approximately 14 km from the Melbourne CBD. Verify current timetables and traffic conditions before relying on any commute estimate.

Education

Macleod Primary School, built in 1926, is the suburb's long-established government primary school. Secondary: Macleod College is the local government secondary school serving the area; neighbouring Viewbank College and Charles La Trobe College also serve parts of the surrounding district, so families should always confirm the applicable zone via the Victorian Department of Education's Find My School tool for a specific address. Tertiary: La Trobe University's Bundoora campus is a short bus or drive from Macleod. Always verify availability and waitlists directly with providers.

Amenities & Lifestyle

Macleod's day-to-day life centres on the Macleod Village shopping strip along Aberdeen Road, a neighbourhood activity centre of around 40 local businesses adjacent to the station. Macleod Park, a 4.9-hectare linear reserve running parallel to the Hurstbridge line, contains a community hall, playground, barbecue facilities, tennis courts, a sporting oval and a walking track along Salt Creek. The suburb's tree-lined streets and proximity to nearby bushland reserves give it a settled, leafy character.

Employment

Major Employment Hubs: Macleod sits close to La Trobe University's Bundoora campus and the Austin Hospital/Heidelberg medical precinct in neighbouring suburbs, both significant employers in Melbourne's north-east. Commercial Centres: the Macleod Village shopping strip on Aberdeen Road is the suburb's main local commercial centre.

Infrastructure

The Victorian Government's Ruthven Street, Macleod level crossing removal project is currently under construction, replacing the level crossing with a rail bridge and building a new shared walking/cycling path along Ellesmere Parade. Macleod Park is being used as a construction site for the new rail bridge from October 2026 to April 2027, with the Macleod Park oval and Macleod College oval being upgraded as part of the works; the project is expected to be completed in 2027. No further projects beyond those noted above are currently confirmed for Macleod. Check Infrastructure Australia's project pipeline, State Government announcements or Banyule City Council's website for the latest updates.

Growth Drivers

  • Ruthven Street level crossing removalA rail bridge is under construction to remove the Ruthven Street level crossing, due for completion in 2027, with upgraded ovals and new shared paths as part of the works.
  • Direct Hurstbridge line accessMacleod's own station, around 14 km from the CBD, gives residents a direct rail commute into the city.
  • Proximity to La Trobe University and the Austin/Heidelberg medical precinctNearby employment and education hubs support ongoing rental and owner-occupier demand.
  • Established, leafy characterMacleod Park and the Macleod Village shopping strip give the suburb a settled, family-friendly identity.

Key Risks

  • Level crossing construction disruption — Temporary construction impacts around Macleod Park and the station precinct are expected while the Ruthven Street level crossing removal is completed (works through 2026–2027).
  • Split council jurisdiction — Macleod is divided between the City of Banyule and City of Darebin, meaning some planning and infrastructure decisions are split across two separate councils.
  • Interest rate and lending sensitivity — Like all property markets, Macleod's values and buyer activity are sensitive to changes in interest rates and lending conditions.

Frequently Asked Questions

Macleod offers direct Hurstbridge line access to the CBD, a confirmed level crossing removal project due for completion in 2027, and proximity to La Trobe University and the Austin/Heidelberg medical precinct. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.

Refer to the Market Snapshot section on this page for current median price data sourced from our live database.

Macleod Primary School serves the local area, Macleod College is the local government secondary school, and La Trobe University's Bundoora campus is a short bus or drive away.

Macleod has its own station on the Hurstbridge line, plus bus routes 514, 548 and 561 connecting to surrounding suburbs. Verify current timetables and traffic conditions before relying on any commute estimate.

Macleod Village on Aberdeen Road offers local shopping and dining, while Macleod Park provides a community hall, playground, tennis courts, a sporting oval and a walking track along Salt Creek.

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Sources

This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.