Town by town snapshot Maldon

Maldon is about 45 square kilometres and has 28 parks covering nearly 16 per cent of total area.

The population in 2016 the population was 1513 and by the 2021 Census had increased to 1665 showing a population growth of more than 10 per cent in the area during that time.

Maldon is a rural town 120 kilometres north-west of Melbourne and 25 kilometres beyond Castlemaine.

It is a former gold town, situated away from major arterial roads and railways.

It was declared Australia’s first notable town in 1966 by the National Trust, and an interim development order was placed on Maldon in 1970 to prevent the demolition of buildings.

Maldon is situated on the former Cairn Curran pastoral run, which was owned by the Simson family who also had the Tarrangower run immediately to the south.

Mount Tarrangower overlooks Maldon from the west, and it was near the foot of the mount that gold was found by a Polish émigré, John Mechosk, in December 1853.

A rush occurred in 1854 and a township was surveyed and it is thought that the name Maldon was proposed by a member of the survey party, perhaps inspired by the hilly country resembling Maldon in Essex, England.

A municipality was created in 1858, in turn becoming a district in 1863 and a shire on 12 January 1864.

A brewery and several hotels were built in 1854 and a Wesleyan church was opened in 1855.

A particularly rich gold field was found in 1855 in the hills north of Maldon.

Named Nuggetty, it was a source of easily won wealth, and the Mines Department calculated that over 300,000 ounces of gold were taken.

Another notable area, immediately east of Maldon’s commercial centre, was the Beehive Company.

In 1865 Bailliere’s Victorian Gazetteer recorded Maldon as having the Tarrangower Times newspaper, numerous hotels and banks, two schools, a hospital and an athenaeum.

Profitable mining continued until the turn of the century, but the years of peak population were the 1870s.

CoreLogic data indicates that the predominant age group in Maldon is 60-69 years with households being primarily childless couples likely to be repaying on average $1300 per month on mortgages.

In general, people in Maldon work in a professional occupation.

TITBIT:

A municipality was created in 1858, in turn becoming a district (1863) and a shire on 12 January 1864.

 

Population: 1665

Male: 49%

Female: 51%

Median age: 60

5-year population change: 10%

House median value: $750,200

Change in Median Price: (5yrs) is 79.3%

Median asking rent per week: $405

Average length of ownership: 7 years

Owner occupiers: 84%

Renters: 16%

 

House median sale price:

February 2023: $765,000

February 2022: $646,250

February 2021: $550,000

February 2020: $510,000

February 2019: $450,000

 

House sales per annum:

Period ending February 2023: 27

Period ending February 2022: 52

 

Land median sale price:

February 2023: N/A

February 2022: N/A

 

Land sales per annum:

Period ending February 2023: 5

Period ending February 2022: 8