Castlemaine at a glance
Median house
$720,000
Median unit
$536,500
Walk score
100
Walker's paradise
Population
7,506
Median age 52
The brief
What to know about Castlemaine.
The postcode for Castlemaine is 3450 (VIC).
The median house price in Castlemaine is $720,000.
Castlemaine (3450) sits in the Mount Alexander region of Victoria. The median house here is $720,000, below the Victoria median of around $850K.
Castlemaine has roughly 7,506 residents, with a retiree-heavy demographic. Households are mostly owner-occupied. Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
Compare Castlemaine with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Castlemaine scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 30°C (warm), winter mornings around 4°C (cold). Annual rainfall lands at about 422mm. Data comes from the Bureau of Meteorology's Bendigo Airport station, 38.0km away.
Schooling within or near the suburb covers 6 government primary, 1 government secondary, 1 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Castlemaine's population at 7,506, with a median age of 52. That sits as a retiree-heavy demographic. Households are mostly owner-occupied (73% own, 23% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (40%), often a marker of unit-heavy stock and walkable infrastructure.
Population
7,506
Median age
52
Family households
57%
Lone person
40%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $720,000 on a typical sale, below the Victoria median. Units come in around $536,500, roughly 25% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $144,000. Prices are below the Victoria median, which keeps Castlemaine on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$720,000
+0.0% over the past year. Median unit price $536,500.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$475/wk
Weekly rent (unit)
$300/wk
Owner occupied
73%
Renter occupied
23%
At a deeper level
$720,000
$536,500
7,506
Median age: 52
Rental data as of September 2025· rental-vic
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For investors
Investment overview.
Gross rental yield on houses sits at 3.43% (median rent $475/wk against a $720,000 price tag). Units yield 2.91% gross, often the better cash-flow play for first-time investors. Renter share is modest (23%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20263.43%
Based on $720,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20262.91%
Based on $536,500 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202673%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
618
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
100
0
85
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Castlemaine.
Local schools for Castlemaine
View the catchment for each school to find out more.
Government School Catchment
Castlemaine North Primary School
Castlemaine Primary School
Winters Flat Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
422 mm
Hottest Month (avg max)
29.8°C
Coldest Month (avg min)
3.7°C
Monthly Rainfall (mm)
Weather data from BOM station Bendigo Airport (38 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Castlemaine.
- What is the median house price in Castlemaine?
- The median house price in Castlemaine, VIC 3450 is $720,000. The median unit price is $536,500.
- What is the Castlemaine postcode?
- Castlemaine is in the 3450 postcode, in VIC, in the Mount Alexander Shire Council region.
- Where is Castlemaine?
- Castlemaine is a regional suburb in VIC, postcode 3450, in the Mount Alexander Shire Council region.
- What is the average rent in Castlemaine?
- The median weekly rent for houses is $475, for units it's $300.
- What schools are in Castlemaine?
- There are 9 schools serving Castlemaine on this page, including Castlemaine North Primary School, St Mary's School, Castlemaine Primary School.
- How walkable is Castlemaine?
- Castlemaine has a Walk Score of 100 out of 100, very walkable. transit score 0, bike score 85.
- What suburbs are near Castlemaine?
- Castlemaine is close to Moonlight Flat, Mckenzie Hill, Campbells Creek, Chewton, Golden Point.
- What is the population of Castlemaine?
- The population of Castlemaine is approximately 7,506 (2021 Census). The median age is 52.
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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