VIC · 3450

Castlemaine

Suburb profile, market snapshot and recent listings for Castlemaine, VIC 3450.

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 price ranks #2,543 of 3,797 suburbs · pricier than 33%
Bedrooms

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.

House72%
Land23%
Apartment / Unit4%
Townhouse1%

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

Castlemaine North Primary School

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Castlemaine Primary School

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Winters Flat Primary School

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Castlemaine Secondary College

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Recent results

Recently sold in Castlemaine

$630k

14 William Street

townhouse3 bd · 2 ba · 2 car

Sold ~July 2026

$640k

18 Forest Street

house2 bd · 1 ba · 2 car

Sold ~July 2026

$485k

4/61 Forest Street

house1 bd · 1 ba

Sold ~July 2026

$1.48m

6 Ross Drive

house4 bd · 2 ba · 4 car

Sold ~July 2026

$1.18m

56 Parker Street

house4 bd · 2 ba · 2 car

Sold ~July 2026

$650k

3 Railway Avenue

house4 bd · 2 ba · 3 car

Sold ~July 2026

$650k

9 North Street

house3 bd · 2 ba · 2 car

Sold ~July 2026

$735k

59 Duke Street

house3 bd · 2 ba · 2 car

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

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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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CastlemaineNearby 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.

Available now

Properties in Castlemaine

View all listings →
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For Sale
650000
house
StMate est. ~$830k

4 Bedroom house Castlemaine

22A Freeman Street, Castlemaine VIC 3450
423
RentBetter3 months ago
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NewFor Sale
$650,000
house

A beautifully updated Wesley Hill classic

58 Duke Street, Castlemaine VIC 3450
312487 m²
Belle Property Bendigo | Castlemaine | Maldon6 days ago
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For Sale
$325,000
land

Central, leafy and full of possibility

1A Butterworth Street, Castlemaine VIC 3450
809 m²
Jellis Craig Woodend, Castlemaine & Daylesford3 months ago
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For Sale
$835,000
house

Generous Living at the Edge of Town

27 North Street, Castlemaine VIC 3450
424841 m²
CANTWELL PROPERTY CASTLEMAINE1 month ago
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For Sale
$775k–$825k
house

BRAND NEW LIVING IN QUIET PRIVATE LOCATION

7 Sheehan Street, Castlemaine VIC 3450
422663 m²
Bendigo Ballarat Real Estate3 months ago
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For Sale
$895,000
house

The Wonder Years

49 Fletcher Street, Castlemaine VIC 3450
3221014 m²
CANTWELL PROPERTY CASTLEMAINE3 months ago
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For Sale
$995k–$1.02m
house

Contemporary living, grounded in simplicity and sustainability

27/19 Reckleben Street, Castlemaine VIC 3450
311122 m²
Belle Property Bendigo | Castlemaine | Maldon1 month ago
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For Sale
$945,000
house

Pool, Privacy & Room for the Whole Family

16 Gaffney Street, Castlemaine VIC 3450
4221169 m²
CANTWELL PROPERTY CASTLEMAINE3 months ago
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For Sale
$2m–$2.1m
house

Commercial zone - ideal location for consult rooms, wellness and/or residential living

35 Hargraves Street, Castlemaine VIC 3450
314719 m²
Jellis Craig Woodend, Castlemaine & Daylesford3 months ago
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For Sale
$465,000
apartment

Comfortable and Convenient

2/19 Adams Street, Castlemaine VIC 3450
211236 m²
CANTWELL PROPERTY CASTLEMAINE3 weeks ago
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For Sale
$795,000
house

Coles Cottage c1856 A Georgian Treasure Hidden in the Heart of Castlemaine

49 Hargraves Street, Castlemaine VIC 3450
32587 m²
Belle Property Bendigo | Castlemaine | Maldon3 weeks ago
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For Sale
$1.10m
house

Forest View

1/6 Johnstone Street, Castlemaine VIC 3450
533349 m²
CANTWELL PROPERTY CASTLEMAINE3 months ago
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