Casterton is a small community in Victoria within the Glenelg local government area (postcode 3311). With a population of 1,673, the suburb has an older demographic with a median age of 58. Households earn a median income of $46K per year, with an average household size of 1.9 people. The most common occupations are labourers, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Casterton is $275,000, having declined 5.2% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $700.
Casterton is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 975, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Casterton offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($275K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered moderate. House prices have moved -5.2% year-on-year.
Casterton is a small community in Victoria within the Glenelg local government area (postcode 3311). With a population of 1,673, the suburb has an older demographic with a median age of 58. Households earn a median income of $46K per year, with an average household size of 1.9 people. The most common occupations are labourers, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Casterton is $275,000, having declined 5.2% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $700.
Casterton is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 975, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Casterton offers a gross rental yield of 7.2%, rated as high yield. Property prices sit below the state median ($275K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered moderate. House prices have moved -5.2% year-on-year.