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Casterton

POSTAL CODE: VIC, 3311
HOUSE

Property investors have seen a 10.16% gain in CASTERTON based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains CASTERTON, 3311 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $306,250

Profits averaged 1.33% per annum over a 3-year period, due to an upward trend in home prices in CASTERTON, 3311.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

The gross rental yield in CASTERTON, 3311 is N/A.

An average of 4.17 real estate transactions take place per month in CASTERTON which translates to 50 per annum.

Surburb overview

Casterton is a regional town in Victoria’s Western District within the Shire of Glenelg, located approximately 66 kilometres north-west of Portland, 60 kilometres west of Hamilton and around 380 kilometres west of Melbourne’s CBD. Positioned on the Glenelg River near the South Australian border, Casterton serves as an important service centre for the surrounding agricultural district and has long been associated with sheep grazing, wool production and mixed farming enterprises.

According to the 2021 Census, Casterton had a population of 1,577. The town has a diverse demographic profile that includes families, retirees and agricultural workers, with a median age higher than the Victorian average. Most residents were born in Australia, and English is the primary language spoken at home. Housing is predominantly detached dwellings, reflecting the town’s regional setting and established residential areas.

Agriculture remains a key contributor to the local economy, supported by livestock production, farming services, retail businesses and community services. Casterton is widely recognised as the birthplace of the Australian Kelpie, with local history linking the development of the working dog breed to the district’s pastoral industry. The annual Kelpie Muster attracts visitors from across Australia and contributes to the town’s tourism activity.

The town provides a range of essential services, including schools, healthcare facilities, supermarkets, sporting clubs and community organisations. Casterton Memorial Hospital supports local healthcare needs, while additional specialist services and major retail facilities are available in Hamilton, Portland and Mount Gambier. Educational options include primary and secondary schooling within the township.

Road transport is the principal means of travel, with connections provided via the Glenelg Highway and surrounding regional roads. Public transport options are limited, although coach services link the town with larger regional centres. Most residents rely on private vehicles for commuting, shopping and accessing services.

Recreational opportunities include fishing, kayaking and walking along the Glenelg River, as well as organised sporting competitions and community events. The surrounding district offers access to nature reserves, historic pastoral landscapes and regional attractions that highlight the cultural and agricultural heritage of south-west Victoria.

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