Castlemaine

POSTAL CODE: VIC, 3450

HOUSE

UNIT

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.

Property investors have seen a 0% gain in CASTLEMAINE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains CASTLEMAINE, 3450 saw average growth in the long term.

CASTLEMAINE, 3450 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 $560,000.

Profits due to an upward trend in home prices in CASTLEMAINE, 3450 averaged 0.95% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

The gross rental yield in CASTLEMAINE, 3450 is 3.99%.

An average of 0.83 real estate transactions take place per month in CASTLEMAINE which translates to 10 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$720,000	$560,000
Growth Report
Median Quarterly	-0.35%	0%
Median 12 month	-3.61%	-3.03%
Median 3 years	-2.31%	2.85%
Median 5 years	16.13%	29.48%
10 years average annual	6.61%	6.39%
Weekly media advert. rent	$548	$430
Time on Market	103 days	N/A
Gross Rental Yield Percent	3.95%	3.99%

Demographics (Median Values)*

Total Population 6834

Weekly Household Income 907

Household Size 2.10

Average 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.

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