Castlemaine Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q4 2025, Castlemaine* recorded a median house price of $751,250 and a median unit price of $600,000. This is an annual (Q4 2024 - Q4 2025) price growth of 0.8% for houses, alongside a 75.0% increase in the number of houses sold (to 98 sales in Q4 2025). This indicates an ideal time for owners to capitalise on their investment. Median unit price did slightly soften in the past 12 months, by -3.2%. That said, the unit market is small; with only 7 unit sales in Q4 2025. Houses is a dominant property type in Castlemaine* and continue to attract strong buyer demand. Combined with lower cash rates in 2025, this supported price growth. With limited new ready-to-sell stock planned, buyers must act fast.
CHANGE FROM LAST
YEAR
Castlemaine£ plans to see approx. $37.9M of new projects commencing construction from 2026 onwards. Commercial $2.0M
HALF YEAR
Residential $17.6M
HOUSE SALE S
Infrastructure $18.3M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE UNIT SALE S
A main infrastructure project from 2026 is the Frederick Street Streetscape Redevelopment Works ($8.5M), involving the redevelopment works of streetscape between Mostyn Street & Templeton Street, which will enhance local amenity and connectivity.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$
Only two residential projects are currently planned from 2026 onwards:
MARKET CONDITIONS MEDIAN PRICE Q4 2025
$751K
$600K
MEDIAN PRICE Q4 2025
$560
SALES
AVERAGE DAYS ON MARKET Q4 2025
100
76
HOUSE
U N I T
RENTALS
$412
AVERAGE DAYS ON MARKET Q4 2025
20
13
HOUSE
U N I T
•
19 Macafee Road (31 Dwellings)
•
15-19 Montgomery St (12 Dwellings)
Together, these projects will deliver just 43 new dwellings from 2026 onwards, without any new units/apartments, townhouses, or residential subdivision projects in the pipeline. Given there were 98 house sales in Q4 2025 alone, the current number of new dwellings will not be enough to meet ongoing market demand. As a result, there is a reliance on the available stock, and an undersupply can emerge. This is expected to place upward pressure on house and unit prices in the short and long term.
43 Dwellings