Campbells Creek

POSTAL CODE: VIC, 3451
HOUSE

CAMPBELLS CREEK, 3451 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 $680,000.

Profits due to an downward trend in home prices in the suburb averaged -1.18% per annum over a 3-year period.

CAMPBELLS CREEK now ranks at the 560th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CAMPBELLS CREEK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $585 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CAMPBELLS CREEK, homes and units usually stay on listing for an average of 120.4 days.

In 2016, 43 properties were sold in CAMPBELLS CREEK during the past year, making it the 235th most active market in VIC based on total real estate transactions.

Surburb overview

Campbells Creek is a township in central Victoria, about 125 kilometres north-west of the Melbourne CBD and approximately 5 kilometres south of Castlemaine. Situated within the Shire of Mount Alexander, the township developed during the Victorian gold rush and has evolved into a well-established residential community closely linked with Castlemaine. The surrounding area combines historic goldfields, bushland and residential neighbourhoods, while healthcare, retail, education, tourism and small businesses support the local economy.

According to the 2021 Census, Campbells Creek had a population of 1,519 people. The township has experienced steady growth in recent years, attracting families, professionals, retirees and long-term residents seeking a regional lifestyle with convenient access to employment and services in Castlemaine. Local organisations, sporting clubs and volunteer groups support its community.

Campbells Creek is connected to Castlemaine via the Pyrenees Highway and local roads, with convenient access to the Calder Freeway for travel to Bendigo and Melbourne. Public transport includes local bus services linking the township with Castlemaine, where V/Line rail services operate regular passenger trains to Melbourne's Southern Cross Station, Bendigo and other regional destinations.

The township provides a range of everyday amenities, including a primary school, kindergarten, general store, community facilities, recreation reserves and sporting grounds. Residents also benefit from proximity to Castlemaine, where supermarkets, medical clinics, Castlemaine Health, pharmacies, secondary schools, retail shopping, cafés, government services and professional businesses are readily available.

Recreational opportunities include walking and cycling along the Campbells Creek Trail, which follows the former railway alignment between Campbells Creek and Castlemaine. The nearby Castlemaine Diggings National Heritage Park offers extensive bushwalking, mountain biking, birdwatching and opportunities to explore Victoria's goldfields history. Residents also enjoy easy access to the Castlemaine Botanical Gardens, local galleries, farmers' markets, sporting facilities and the many festivals and cultural events held throughout the Mount Alexander region.

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