Chewton

POSTAL CODE: VIC, 3451
HOUSE

Property investors have seen a 11.48% gain in CHEWTON based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on CHEWTON, 3451 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 21.37%.

Based on its average 5-year and quarterly capital gains CHEWTON, 3451 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 $752,500

Profits averaged 0% per annum over a 3-year period, due to an upward trend in home prices in CHEWTON, 3451.

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 CHEWTON, 3451 is N/A.

An average of 0.92 real estate transactions take place per month in CHEWTON which translates to 11 per annum.

Surburb overview

Chewton is a historic township in central Victoria, about 120 kilometres north-west of the Melbourne CBD and approximately 5 kilometres south-east of Castlemaine. Situated within the Shire of Mount Alexander, the township was established during the Victorian gold rush and retains a rich mining heritage reflected in its historic buildings and surrounding landscapes. Today, Chewton combines its historic character with a peaceful residential environment, while tourism, small businesses, education and nearby regional employment contribute to the local economy.

According to the 2021 Census, Chewton had a population of 1,311 people. The township has an established community comprising families, professionals, retirees and long-term residents who value its heritage character, natural surroundings and proximity to Castlemaine. Its combination of historic streetscapes and bushland contributes to a distinctive regional lifestyle.

Chewton is well connected by the Pyrenees Highway and local roads, providing convenient access to Castlemaine, Bendigo and Melbourne via the Calder Freeway. 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 offers a range of local amenities, including a primary school, community facilities, recreation reserves and local businesses. Residents also benefit from the comprehensive services available in nearby Castlemaine, including supermarkets, Castlemaine Health, medical clinics, pharmacies, secondary schools, retail shopping, cafés, government services and professional businesses. This proximity enables residents to access a broad range of everyday services within a short drive.

Recreational opportunities include exploring the Castlemaine Diggings National Heritage Park, which surrounds much of the township and offers bushwalking, mountain biking, birdwatching and opportunities to discover historic goldfields sites. Local parks and reserves provide spaces for outdoor recreation. At the same time, nearby Castlemaine features the Botanical Gardens, galleries, sporting facilities, farmers' markets and a vibrant calendar of arts, music and cultural festivals. The surrounding Mount Alexander region also offers wineries, scenic drives and further opportunities to experience central Victoria's natural and historic landscapes.

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