Town by town snapshot Castlemaine

December 24, 2022 BY

This three-bedroom Victorian cottage built in 1900 sold recently for $655,000.

Castlemaine is approximately 20.2 square kilometres has many parks covering nearly 9.6 per cent of total area.

The population of Castlemaine in 2016 was 9932 and by the 2021 Census the population was recorded 11,352 at showing a population growth of 14.2 per cent in the area during that time.

The Castlemaine locality was originally named Forest Creek where a rich alluvial goldfield was discovered in 1851.

In the following year a town was surveyed and named Castlemaine after the estate of Viscount Castlemaine in Ireland.

The suggested name is variously recorded as coming from Lieutenant-Governor C. J. La Trobe, or from goldfields Commissioner Wright.

Castlemaine township includes several suburban localities: Little Bendigo, Milkmaids Flat, Norwood Hill, Wesley Hill and Winters Flat.

It is situated 117 kilometres north-west of Melbourne and 35 kilometres south of Bendigo at the junction of the Barkers and Forest Creeks.

Castlemaine was on the route followed by Surveyor-General Major Sir Thomas Mitchell in 1836.

Pastoral settlement followed The Major’s Line; the wheel ruts left by Mitchell’s party during the well-watered season of 1836 in Australia Felix.

Three shepherds and a bullock driver discovered gold in Specimen Gully, about five kilometres north-east of Castlemaine, in September 1851.

Within a month the alluvial bed of Forest Creek was being worked and by the end of 1851 there were 8000 people working the gold fields and several alluvial creeks around Castlemaine, and in February 1852, the newly arrived goldfields Commissioner chose an area at the junction of the two creeks for his administrative headquarters, now called The Camp Reserve.

By March 1852 there were an estimated 25,000 persons on the Forest Creek diggings.

Castlemaine was proclaimed a municipal district on 24 April 1855 and a borough on 2 October 1863.

Its further municipal progress was proclamation as a town on 30 January 1950 and as a city on 4 December 1965.

On 19 January 1995, it was united with Newstead and parts of Maldon and Metcalfe shires to form Mount Alexander Shire.

In the 1970s Castlemaine undertook a significant development of its cultural and tourism assets.

The first biennial Castlemaine State Festival was held in 1976, during early November, which coincides with the Spring-flowering time of several notable private gardens.

CoreLogic data indicates that the predominant age group in Castlemaine is 60-69 years with households in Castlemaine being primarily childless couples and are likely to be repaying $1000 – $1500 per month on mortgages.

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


Castlemaine was on the route followed by Surveyor-General, Major Sir Thomas Mitchell in 1836


Population: 11,352

Male: 49.3%

Female: 50.7%

Median age: 50

5 year population change: 14.2%

House median value: $737,300

Change in Median Price: (5yrs) is 63.6%

Median asking rent per week: $435

Average length of ownership: 12 years

Owner occupiers: 74%

Renters: 26%


House median sale price:

August 2022: $720,000

August 2021: $630,000

August 2020: $537,500

August 2019: $520,000

August 2018: $485,000

House sales per annum:

Period ending August 2022: 115

Period ending August 2021: 141


Land median sale price:

August 2022: $302,000

August 2021: $317,000


Land sales per annum:

Period ending August 2022: 9

Period ending August 2021: 20