Hepburn Springs
Suburb profile, market snapshot and recent listings for Hepburn Springs, VIC 3461.
About Hepburn Springs
Welcome to Hepburn Springs
Hepburn Springs sits in the spa country of Central Victoria, about 110 kilometres north-west of Melbourne and just a couple of minutes' drive from its better-known neighbour, Daylesford. Famous for its mineral springs and the historic bathhouse precinct at the Hepburn Bathhouse & Spa, this small town has long drawn visitors seeking mineral water, day spas and a slower pace, and many of those visitors eventually become residents.
With a population of only 368 and a median age of 58, Hepburn Springs is a tight-knit, low-density community rather than a bustling suburb. It suits tree-changers, retirees and weekenders drawn to the surrounding forest, the wellness culture and the proximity to Daylesford's restaurants and galleries, more than families chasing big infrastructure or fast commutes.
Lifestyle & dining
Life in Hepburn Springs revolves around wellness, nature and unhurried socialising. The Hepburn Bathhouse & Spa remains the town's centrepiece, drawing day-trippers to soak in the region's famous mineral waters, while nearby Daylesford picks up the slack for cafes, restaurants and providores when residents want a broader night-out or brunch scene. It's the kind of place where a walk to the mineral springs reserve or a quiet drink on a pub verandah counts as the main event of the day.
The surrounding villages of Hepburn, Dry Diggings and Shepherds Flat add to the area's relaxed, artsy character, and long weekends in the district have a distinctly spa-town rhythm, busier with visitors but never truly crowded.
Getting around
Hepburn Springs is very much a car-dependent town, with Daylesford the nearest hub for everyday errands and onward transport connections. Melbourne is roughly a 90-minute to two-hour drive via the Western Freeway and Midland Highway, making the town a realistic weekender or retirement base rather than a daily-commute suburb.
Local roads wind through forested, hilly terrain connecting Hepburn Springs to Hepburn, Elevated Plains and Shepherds Flat, and while there's limited public transport within the immediate area, Daylesford offers bus links further afield for those without a car.
Parks & recreation
The Hepburn Regional Park and the mineral springs reserve are the outdoor drawcards, offering walking trails through bushland studded with old mineral springs where locals still fill bottles with sparkling, mineral-rich water. It's a landscape suited to walking, cycling and simply pottering, with the forested hills around Shepherds Flat and Elevated Plains extending the sense of space well beyond the town's small residential footprint.
For swimming, soaking and more structured recreation, the Hepburn Bathhouse & Spa complex provides pools and treatment facilities that double as the town's social and recreational hub.
Housing & architecture
Housing in Hepburn Springs leans heavily towards freestanding houses, which make up about 70% of current listings, with land parcels accounting for a notable 27% and apartments or units a small 3%. Expect a mix of historic weatherboard and timber cottages from the town's spa-resort heyday alongside newer builds on bushy, often sloping blocks.
The relatively high proportion of vacant land on the market reflects the area's semi-rural character, giving buyers scope to build rather than renovate if they want a foothold in the district.
The property market
Hepburn Springs' median house price currently sits at $778,000, with recent growth flat at 0.0%, suggesting a market that has settled after previous run-ups rather than one moving sharply in either direction. Median rent is $563 a week, reflecting solid demand from those wanting a base in spa country without buying outright.
With a population of just 368 and a median age of 58, this is a thin, low-volume market where individual sales can carry more weight than in larger suburbs. Buyers are typically drawn from Melbourne treechangers, retirees and holiday-home seekers rather than first-home buyers, and comparisons are often made with neighbouring Daylesford, Hepburn and Dry Diggings when weighing up value and lifestyle trade-offs.
Market snapshot
Hepburn Springs property market
Median sale price
$778k
House · 3 bed
Median rent
$563
per week
Gross rental yield
3.8%
annual rent ÷ sale price
Typical price range
Entry
$622k
Median
$778k
Premium
$1.04m
Days on market
111
Auction clearance
0%
Sold this year
10
Median sold price trend · House 3 bed
Compound growth -4.2% / yr over 4 yrs
Property types on market
Share of current listings in Hepburn Springs by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Hepburn Springs, VIC 3461.
Population
368
residents (2021)
Median age
58
years
Household income
$1,232
median, per week
Median rent
$341
per week
Median mortgage
$1,387
per month
Mortgage / income
26%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Recent results
Recently sold in Hepburn Springs
$920k
40 Main Road
Sold ~July 2026
$1.18m
13 Lone Pine Avenue
Sold ~June 2026
$750k
4 Radium Avenue
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Hepburn Springs
Compare the area
Price map around Hepburn Springs
Every listing for sale near Hepburn Springs, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Hepburn Springs suburb FAQ
What is the median property price in Hepburn Springs?
The median house price in Hepburn Springs, VIC is $778k for a 3-bedroom home.
How much is rent in Hepburn Springs?
The median weekly rent in Hepburn Springs is around $563 per week.
Is Hepburn Springs a good place to live?
Hepburn Springs is a resort town located in the middle of the largest concentration of mineral springs in Australia, situated in Victoria, 48 km northeast of Ballarat. Hepburn Springs is an established residential suburb in VIC, with a population of around 368.
What is the population of Hepburn Springs?
Hepburn Springs has a population of 368 (ABS 2021 Census), with a median age of 58.
How long do homes take to sell in Hepburn Springs?
Properties in Hepburn Springs take around 111 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Hepburn Springs?
Entry-level properties in Hepburn Springs start around $622k, while premium homes reach $1.04m.
What suburbs are near Hepburn Springs?
Suburbs near Hepburn Springs include Hepburn, Dry Diggings, Elevated Plains, Daylesford and Shepherds Flat.
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