Powered by MOMENTUM MEDIA
smart property investment logo
Castlemaine
AREA REPORTS

Castlemaine

Castlemaine - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3450

house
unit

Property investors enjoyed capital gains of 20.54% over the last 12 months in CASTLEMAINE, translating to lower returns compared with its peers in VIC.

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.

The suburb posted a 35.41% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $405 based on current median home prices for the suburb.

On average, rents on listings have reached the $405 mark, reflecting a 3.12% increase in returns based on the current median price in CASTLEMAINE.

CASTLEMAINE, 3450 ranks 303rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 245th on the list of best yielding suburbs for rental properties in VIC, posting a 3.12% return.

Data report can be found below

Castlemaine
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $675,000 $511,500
GROWTH REPORT
Median Quarterly 5.47% 1.49%
Median 12 month 20.54% 25.06%
Median 3 years 35.41% 28.52%
Median 5 years 58.82% 55%
10 years average annual 8.02% 8.73%
Weekly media advert. rent $405 $340
Time on Market 39.7 days 31.5 days
Gross Rental Yield Percent 3.12% 3.46%
demographics (median values)*
Total Population
6834
Weekly Household Income
907
Household Size
2.10
Age
50
Monthly Loan Repayment
1200
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.