VIC has seen average median house prices change by -1.79% which means that Castlemaine, 3450 has not done well for property investors by showing a capital gain of 4.69% over the last year
While Castlemaine,3450 ranked number 466th in VIC for increase in median house value (annualised) increase, it is ranked 287th over the last 5 years.
Sellers are offering property buyers an average discount of -4.83% to buyers in Castlemaine at the moment, which is less than average for the rest of VIC.
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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.