Castlemaine
Suburb profile, market snapshot and recent listings for Castlemaine, VIC 3450.
About Castlemaine
Welcome to Castlemaine
Castlemaine sits in the goldfields region of central Victoria, about 120 kilometres north-west of Melbourne, roughly midway between the capital and Bendigo. Once one of the richest goldmining towns in the colony, it has spent the past couple of decades reinventing itself as a magnet for artists, tree-changers and retirees drawn to its handsome Victorian-era streetscapes and slower pace of life.
With a population of 7,506 and a median age of 52, it's a town that suits people looking to settle rather than pass through — families after space and character, professionals working remotely, and downsizers cashing out of the city. The surrounding villages of Campbells Creek, Mckenzie Hill, Muckleford and Barkers Creek give it a hinterland of quieter, semi-rural living just minutes from the main street.
Lifestyle & dining
Castlemaine's town centre is built around an impressive stock of 19th-century architecture, from the domed Market Building to rows of bluestone and brick shopfronts that now house cafes, wine bars and independent bookshops rather than gold-era merchants. The food and arts scene punches well above its weight for a town this size, with a strong roster of regional producers, regular markets and an arts precinct anchored by the Castlemaine Art Museum and the Theatre Royal.
The town's cultural calendar is a drawcard in its own right, headlined by the biennial Castlemaine State Festival, and there's a steady undercurrent of live music and small galleries that has earned the area comparisons to larger regional arts hubs without losing its unpretentious, country-town feel.
Shopping
Mostyn Street and the surrounding grid form the retail heart of town, mixing everyday essentials with the kind of specialty stores — providores, homewares, secondhand bookshops — that reflect the local population of makers and creatives. For bigger shopping needs, Bendigo is a short drive north, while Melbourne is accessible for occasional trips.
Getting around
Castlemaine railway station sits on the Bendigo line, giving residents a direct rail link to Melbourne's CBD as well as to Bendigo in the other direction, making it a genuine option for commuters or those who work in the city part-time. Around town, most day-to-day trips are easily done by car or on foot given the compact centre, and the Midland Highway threads through, connecting Castlemaine to Bendigo, Kyneton and beyond.
Schools & families
Families are well catered for locally, with Castlemaine Primary School, Castlemaine North Primary School and Winters Flat Primary School offering options at the primary level, and Castlemaine Secondary College serving as the main secondary school in town. The relatively spread-out choice of primary schools reflects the town's growth over recent decades as young families have joined the traditional retiree and arts-community base.
Parks & recreation
The Castlemaine Botanical Gardens, one of the oldest in the state, provide a shaded, established green space near the centre of town, while the Castlemaine Diggings National Heritage Park on the outskirts offers walking and cycling trails through old goldfields workings and box-ironbark forest. The nearby creeks and reserves around Campbells Creek and Barkers Creek add further options for those wanting bushwalking or a quieter outdoor outlet without leaving the area.
The property market
Castlemaine's median house price currently sits at $738,000, having posted growth of 3.1% recently — a reflection of steady, rather than speculative, demand from those drawn to the town's lifestyle and heritage appeal. Median rent is $550 a week, putting it in line with other sought-after regional Victorian towns within commuting distance of Melbourne.
Current listings are dominated by houses, which make up 72% of the market, with land sales accounting for 23% — a sign of ongoing new development on the town's fringes. Apartments and units make up just 4% of listings and townhouses 1%, underlining that Castlemaine remains very much a house-and-land market rather than a medium-density one, with most buyers after the classic freestanding home on a decent block.
Market snapshot
Castlemaine property market
Median sale price
$738k
House · 3 bed
Median rent
$550
per week
Gross rental yield
3.9%
annual rent ÷ sale price
Typical price range
Entry
$524k
Median
$738k
Premium
$1.20m
Days on market
89
Auction clearance
0%
Sold this year
86
Median sold price trend · House 3 bed
Compound growth +0.9% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Castlemaine by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Castlemaine, VIC 3450.
Population
7,506
residents (2021)
Median age
52
years
Household income
$1,106
median, per week
Median rent
$300
per week
Median mortgage
$1,362
per month
Mortgage / income
28%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Castlemaine
Government school catchment
Recent results
Recently sold in Castlemaine
$630k
14 William Street
Sold ~July 2026
$640k
18 Forest Street
Sold ~July 2026
$485k
4/61 Forest Street
Sold ~July 2026
$1.48m
6 Ross Drive
Sold ~July 2026
$1.18m
56 Parker Street
Sold ~July 2026
$650k
3 Railway Avenue
Sold ~July 2026
$650k
9 North Street
Sold ~July 2026
$735k
59 Duke Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Castlemaine
Compare the area
Price map around Castlemaine
Every listing for sale near Castlemaine, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Castlemaine suburb FAQ
What is the median property price in Castlemaine?
The median house price in Castlemaine, VIC is $738k for a 3-bedroom home. Over the past year, median sold prices have risen about 3.1%.
How much is rent in Castlemaine?
The median weekly rent in Castlemaine is around $550 per week.
Is Castlemaine a good place to live?
Castlemaine is an established residential suburb in VIC, with a population of around 7,506 and 4 schools in the area.
What is the population of Castlemaine?
Castlemaine has a population of 7,506 (ABS 2021 Census), with a median age of 52.
What schools are in Castlemaine?
There are 4 schools in or near Castlemaine, including Castlemaine North Primary School, Castlemaine Primary School and Winters Flat Primary School.
How long do homes take to sell in Castlemaine?
Properties in Castlemaine take around 89 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Castlemaine?
Entry-level properties in Castlemaine start around $524k, while premium homes reach $1.20m.
What suburbs are near Castlemaine?
Suburbs near Castlemaine include Campbells Creek, Mckenzie Hill, Muckleford and Barkers Creek.
Fresh to market
New this week in Castlemaine
North Side Living, Walking Distance to Everything
Convenient Living Close to Everything
A beautifully updated Wesley Hill classic
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