Giving property investors a a stable capital gain of 14.29% for the last year, Castlemaine, 3450 is the 907th highest performer in Australia in this respect.
While Castlemaine,3450 ranked number 171th in VIC for increase in median house value (annualised) increase, it is ranked 372th over the last 5 years.
Property buyers and investors in Castlemaine 3450 should be seeing an average reduction in asking price of around -4.75% . This means that Castlemaine is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 11.75 sales per month, which equates to 141 per year.
The VIC suburb of Castlemaine, 3450 is in the Mount Alexander local government area.
Property investors who have had real estate in Castlemaine, 3450 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.60%
Castlemaine,3450 was ranked 1207 in Australia by increase in median property value over the quarter.
Castlemaine, 3450 is offering VIC ‘s 166th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Often selling an investment property can take time, and in Castlemaine the average time real estate has been on the market is 176.64 days.
Situated 105.93km from the CBD, Castlemaine is one of Mount Alexander localities in the postcode 3450.
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.