Castlemaine is a moderately sized suburb in Victoria within the Mount Alexander local government area (postcode 3450). It is home to about 7,506 residents, with an older-leaning population and a median age of 52. Households earn a median income of $58K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Castlemaine has a median house price of $732,000, which has dipped slightly by 2.1% year-on-year. Units have a median price of $500,000 (-15.5% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,362.
Castlemaine is served by 5 schools, including 4 primary, 1 secondary. The average ICSEA score is 1064, which is above the national average of 1,000. Public transport access includes 5 rail stations, 39 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mount Alexander LGA is moderate at 6,967 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.4%, which reads as moderate yield. Property prices are near the state median ($732K/$850K). The price-to-income ratio of 12.7x is considered stretched. House prices have moved -2.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.