Castlemaine

Located in CASTLEMAINE, VIC 3450, this suburb has a population of 7,506 residents. The area has a diverse range of age groups, with a significant proportion being individuals aged 45 to 64 years and 65 years or over. The median weekly household income is $1,106, and the median rent is $300 per week. The suburb offers various commuting options, with a notable number of residents working from home. The education system is robust, with an ICSEA percentile of 75.75 for government schools, indicating a high level of educational advantage for students. CASTLEMAINE presents opportunities for investment in both Houses and Units. The suburb has shown steady population growth over the years, which can positively impact property demand. With a low vacancy rate, high room demand-supply ratio, and a moderate market absorption rate, there is potential for good returns on investment. Property prices have shown growth over the past years, making it an attractive option for long-term investment. CASTLEMAINE, VIC 3450, offers a vibrant community with diverse age groups and income levels. The suburb presents good investment prospects for both Houses and Units, with a favourable market environment and a stable growth trajectory in property prices. Residents enjoy access to various commuting options and benefit from a strong education system, making it an appealing location for both homeowners and property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022