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3 FORBES ROAD MACEDON VIC 3440

FARM FOR SALE

$3,100,000

Estimated Valuation

3 FORBES ROAD MACEDON VIC 3440 Property Photo
Bedrooms

4

Bathrooms

2

Car Space

2

Land Size

26.3 m²

Year Built

-

Property Type

Farm

COMPARE LISTINGS
Added 15 hours ago
Listing Price

$2,995,000

Listed By
Pennisi Real Estate - Essendon
Waldheim Park is a colossal 65-acre estate that combines luxury living with serious agricultural potential, making it an ideal investment for equestrian enthusiasts or hobby farmers. The property boasts breathtaking views of Mount Macedon, a unique full-size tennis court, and a sprawling residence with cathedral ceilings, though the interior decor reflects a significantly older style.

Description

This is a massive 65-acre boutique farm estate located in Macedon, offering a rare blend of luxury residential living and agricultural versatility. The property features an impressive family residence that blends country charm with significant entertaining space. The interior design is heavily influenced by the era it was built in, characterized by vaulted cathedral ceilings, extensive use of exposed brick walls, and wood accents. While the layout offers generous proportions with soaring heights in the main living areas, the aesthetic choices—such as patterned blue carpeting throughout most rooms and traditional wooden cabinetry—are distinctly dated and reflect an older style.

The residence includes a main bedroom wing with a private ensuite and three additional bedrooms located in a separate wing, serviced by a central bathroom. The kitchen features timber joinery and is positioned to overlook the grounds. A highlight of the home is the expansive open-plan living and billiard/bar room, which boasts cathedral ceilings and direct access to the outdoor areas. Other internal features include a dedicated study, formal dining room, substantial laundry, wine cellar, mudroom, and a full-size En-Tout-Cas tennis court situated within the property grounds.

Exterior amenities are extensive, catering to both lifestyle and farming needs. The grounds feature an 8-foot-deep swimming pool, three dams, and lush pastures suitable for horses or cattle, as seen in the photos. There is also a substantial shed, a full-size tennis court, and multiple water tanks including bore water supply. The property enjoys panoramic views of Mount Macedon from various vantage points. While the land is vast and well-maintained with mature trees and fencing, the house interior suggests it requires modernization to align with contemporary tastes.

Property Style & Condition

Overall
outdated
fair
Condition
Exterior
farmhouse
good
Condition
Livingroom
outdated
fair
Condition
Bedrooms
outdated
fair
Condition
Kitchen
standard
good
Condition
Bathroom
outdated
fair
Condition
Yard
landscaped
excellent
Condition

Key Features

65 acres of land
Views of Mount Macedon
Main bedroom with private ensuite
Three additional bedrooms in separate wing
Central bathroom
Dedicated study
Formal living and dining room
Expansive open-plan living and billiard/bar room
Cathedral ceilings
8-foot-deep swimming pool
Full-size En-Tout-Cas tennis court
Three dams
Bore water supply
Solar power with battery storage
Two Coonara wood fires
Substantial sheds and horse shelters
Wine cellar
Mud room
Kitchen with elevated views

Specifications

Property Details
Property Type Farm
Stories 1
Parking Type driveway, attached garage
Construction brick,wood frame
Windows double pane
Gas natural gas
Internet nbn
Location & Setting
Setting rural
Lot Position corner lot
Views mountain, valley
Nearby Amenities
Near train station
Near parks
Rental Information
long term rental only

Exterior

pool
deck
timber deck
patio
covered patio
alfresco
bbq area
fenced yard
mature landscaping
garden
rainwater tank
workshop
shed
water tank
bore water
driveway
solar panels
battery storage
tennis court

Indoor

open floor plan
cathedral ceilings
fireplace
carpet
kitchen island
pantry
laundry room
home office
primary suite
ensuite bathroom
walk in pantry
wine cellar
ceiling fan
recessed lighting
refrigerator
oven
dishwasher
central
forced air
central ac
fire sprinklers
single story
Listed on 06 Oct 2026

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    Property     MACEDON     LGA

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MACEDON Statistics

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Crime in suburb of Macedon VIC

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Crimes Committed

-

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Safety Rank

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Overall Crime

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5-Year Crime Trend (2020 - 2024)

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Violent vs Property vs Other

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Violent Crime Chance 1 in X
Property Crime Chance 1 in X
State Average (Violent) 1 in 84

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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Land tax (NSW)Annual holding cost on combined land value over the threshold.
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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
Cash buffer & risk capacityCould you survive vacancy, rate rises and repairs?
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Calculating…Verdict ?
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Your take-home profit over — yrs ?
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rent cash flow + capital gain − all costs & tax
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Comparing Common Investments ?
What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
Purchase Cost Calculator

The True Cost of Buying this Property

Beyond the sale price, Australian property buyers face stamp duty, legal fees, inspections, loan charges and more. Adjust the purchase price and your state to see the full picture.

Purchase Price
$850,000
AUD
$100K $5M
Property State
Your Situation
Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

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Disclaimer: This calculator provides estimates only based on standard published rates for 2025-26. Actual stamp duty may vary based on individual circumstances, concession eligibility, and contract dates. LMI is a rough estimate only — actual premiums vary by lender, LVR, and loan size. Always verify with your state’s revenue office and seek professional advice before purchasing.

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Disclaimer: This calculator provides an estimate only and does not constitute a quote or loan approval. Calculations are based on standard APRA guidelines (including a 3.0% interest rate assessment buffer) and 2025–26 Australian resident tax rates. Lenders may apply their own specific Household Expenditure Measure (HEM) rules, risk margins, and varying credit card assessment rates (typically 3.8% of the limit). Rental income is shaded to 80%. Always speak to a licensed mortgage broker or lender for an exact assessment.

Refinance Savings Calculator

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