Castlemaine

POSTAL CODE: VIC, 3450
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Figures from the previous quarter show that capital gains for real estate buyers in CASTLEMAINE are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $547.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $547.5 mark, reflecting a 3.95% increase in returns based on the current median price in CASTLEMAINE.

CASTLEMAINE, 3450 ranks 608th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 172nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.95% return.

Surburb overview

Castlemaine is a regional township in central Victoria, about 120 kilometres north-west of the Melbourne CBD and approximately 40 kilometres south of Bendigo. Situated within the Shire of Mount Alexander, the township is renowned for its rich gold rush heritage, vibrant arts community and well-preserved historic streetscape. Castlemaine serves as the principal commercial, administrative and cultural centre for the surrounding district, with healthcare, education, tourism, retail, manufacturing and professional services underpinning the local economy alongside nearby agriculture and viticulture.

According to the 2021 Census, Castlemaine had a population of 7,506 people. The township has a diverse community comprising families, professionals, retirees, artists and long-term residents. Steady population growth, combined with its heritage character and strong creative sector, has contributed to Castlemaine's reputation as one of regional Victoria's prominent cultural centres.

Castlemaine is well connected by the Calder Freeway, providing direct road access to Melbourne, Bendigo and neighbouring regional townships. Castlemaine Railway Station is located on the V/Line Bendigo line, offering regular passenger rail services to Melbourne's Southern Cross Station, Bendigo and intermediate destinations. Local bus services connect residential areas with surrounding communities throughout the Mount Alexander region.

The township offers a comprehensive range of essential amenities, including primary and secondary schools, childcare centres, Castlemaine Health, medical clinics, pharmacies, supermarkets, cafés, restaurants, retail businesses, aged care services, libraries, community facilities and government offices. Residents also have access to a wide range of professional services, sporting facilities and educational institutions, with additional specialist healthcare available in Bendigo and Melbourne.

Recreational opportunities include walking and cycling along the Castlemaine Diggings National Heritage Park, exploring the Castlemaine Botanical Gardens and participating in sporting clubs for football, cricket, tennis, bowls and cycling. The township is home to the Castlemaine Art Museum and hosts numerous galleries, live music venues, markets and festivals throughout the year. Nearby forests, wineries and historic goldfields provide further opportunities for bushwalking, birdwatching, mountain biking and exploring the natural and cultural heritage of central Victoria.

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