At number 1774th in the list of Australian suburbs ordered by increase in median house value over the last year, Castlemaine, 3450 is in the top half with a property value increase of 8.94% recorded in median house prices.
Across a shorter period, Castlemaine, 3450 has seen a median price increase of -0.97% over the last quarter.
Castlemaine, 3450 is offering VIC ‘s 297th 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.
Renters in Suburb are facing rents around $3900 per annum or $325 every week.
Investment property in Castlemaine has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.52%
Castlemaine,3450 has offered an average of -1.52% 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 -4.58% to property investors. Castlemaine itself is showing figures that indicate -4.24% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Castlemaine the average time real estate has been on the market is 137.78 days.
Castlemaine is 108th on a list of best yielding suburbs for rents in VIC with a 4.64% 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
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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.