Castlemaine has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 3.00% to date .
Castlemaine,3450 has offered an average of 3.00% return per annum in house price rises to property investors over the last three years.
Castlemaine3450 is located in VIC which offers an average discount of -6.04% to property investors. Castlemaine itself is showing figures that indicate -5.21% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 12.75 sales per month, which equates to 153 per year.
With the median price for a house in Castlemaine being $386250 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.17%
Over the last year, property investments in Castlemaine, 3450 have given investors a capital gain of 6.68%. This compares favourably with the 3.63% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Castlemaine,3450 has racked up an average of 6.68% over the period. This ranks it number 1342th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Castlemaine 3450 should be seeing an average reduction in asking price of around -4.10% . This means that Castlemaine is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Castlemaine is located 38km south of Bendigo and 120km northwest of Melbourne. Once a gold mining town, Castlemaine’s economic activity now centres around manufacturing, agriculture and tourism, with its goldrush era architecture and history being major drawcards for visitors.Full summary
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Castlemaine is located 38km south of Bendigo and 120km northwest of Melbourne. Once a gold mining town, Castlemaine’s economic activity now centres around manufacturing, agriculture and tourism, with its goldrush era architecture and history being major drawcards for visitors.
It’s also conveniently located at the junction of several major highways which lead to the major urban hubs of Bendigo, Ballarat and Melbourne amongst others. Castlemaine also benefits from having its own railway station, making the train journey to Bendigo less than 30 minutes long, and Melbourne a little over an hour and a half in duration.