Giving property investors a an average capital gain of 3.95% for the last year, Castlemaine, 3450 is the 2167th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Castlemaine has given property investors a paper return of 1.28%. This puts Suburb as 424 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Castlemaine itself are offering an average vendor discount of -4.90% to real estate investors.
Advertised rents are around the $320 mark per week – giving a return of 4.21% based on the median price in Suburb
Property investors who have had real estate in Castlemaine, 3450 should be relatively pleased 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 5.56%
Castlemaine,3450 was ranked 629 in Australia by increase in median property value over the quarter.
Vendor discounting in Castlemaine is giving property investors an average Vendor Discount of around -3.44%. This puts suburb at number 270th in VIC when ranking the most discounted suburbs.
In the last year 20 properties changed hands in Castlemaine, which puts it as the 295th most active market in VIC when comparing the number of sales per suburb.
Castlemaine is 146th on a list of best yielding suburbs for rents in VIC with a 4.50% return
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
Information supplied by:
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.