Chewton vs Castlemaine.
Comparing two suburbs with median house prices of $1,075,000 and $720,000. Castlemaine edges out on more headline metrics in this comparison.
Castlemaine (median $720,000) is roughly 49% cheaper to buy into than Chewton ($1,075,000).
Castlemaine scores higher on walkability (0/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Castlemaine (1064) sits above Chewton (1062). Chewton skews owner-occupied (85%), Castlemaine runs more rental-dense (73% owner).
For buyers
Castlemaine is the lower entry point at $720,000 median, 49% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Castlemaine offers the higher gross rental yield (3.43% vs 1.48%), favouring cash-flow investors.
For families
Castlemaine edges out on average school ICSEA (1064 vs 1062).
Common questions
Is Chewton or Castlemaine cheaper to buy in?
Castlemaine has the lower median house price at $720,000, roughly 49% below Chewton ($1,075,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Chewton or Castlemaine have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Castlemaine scores 1064 vs 1062 in Chewton. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Chewton or Castlemaine?
Castlemaine scores 100/100 on walkability vs 0/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Chewton or Castlemaine?
Gross rental yield on houses is 3.43% in Castlemaine vs 1.48% in Chewton. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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