Castlemaine, VIC 3450
Mount Alexander Shire CouncilAll suburbs in postcode 3450
Updated
Median house price
$720,000
Median · Land Victoria · the latest published quarter (updated May 2026)
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Castlemaine at a glance
- Median unit
- $536,500
- Weekly rent
- $500
- Houses · units $390
- Population
- 7,506
- Median age 52
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in Castlemaine
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.
Rental data as of September 2025· Victorian rental report
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What to know about Castlemaine
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.
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 29°C (warm), winter mornings around 3°C (cold). Annual rainfall lands at about 594 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 6 government primary, 1 government secondary, 1 Catholic, 1 independent.
Schools in Castlemaine
Schools serving Castlemaine: government first, then Catholic and independent.
Government schools
© ACARA, licensed under CC BY 4.0.
Location
Walkability
- Walk
- 100/100
- Transit
- 0/100
- Bike
- 85/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
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.
- Family households
- 57%
- Lone person
- 40%
- Owner occupied
- 73%
- Renter occupied
- 23%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 3.61% (median rent $500/wk against a $720,000 price tag). Units yield 3.78% 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, housesSource: Land Victoria / DTP · May 2026
- 3.61%
- On the $720,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 3.78%
- On the $536,500 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
562 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 594 mm
- Hottest month, avg max
- 28.5°C
- Coldest month, avg min
- 3.3°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Castlemaine
- What is the median house price in Castlemaine?
- The median house price in Castlemaine, VIC 3450 is $720,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $536,500.
- How much is my house worth in Castlemaine?
- A useful starting point is the Castlemaine median house price of $720,000 (units $536,500). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Castlemaine a good investment?
- On the published figures, the gross rental yield on houses in Castlemaine is 3.6%: the median weekly house rent is $500 (Victorian rental report, September 2025) against the median house price of $720,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Castlemaine: the Land Victoria figures we hold do not measure one. Whether Castlemaine is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- 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 suburb in the Mount Alexander Shire Council area, VIC 3450.
- What is the average rent in Castlemaine?
- The median weekly rent for houses is $500, for units it's $390.
- 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. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.