Question 1

Is Campbells Creek a nice place to live?

Accepted Answer

Campbells Creek is a small riverside village in the Goldfields, set along the creek in a treed valley just outside Castlemaine. The built mix of gold-rush weatherboard cottages, renovated miners' homes and rural-residential blocks means you find families, artists and people seeking a quieter country lifestyle who still value access to nearby town services. A compact village centre provides a handful of local services and community facilities, and walking and cycling paths along the creek link to neighbouring townships. The surrounding bushland and open spaces make it a place for gardening, weekend walks and a relaxed pace of life.

Home to about 2,071 people with a median age of 44, Campbells Creek is weighted towards couple families and high owner-occupation — 85.4% of dwellings are owned outright or with a mortgage — which gives it a settled, owner-occupied character. Council planning and a master plan for the Recreation Reserve signal ongoing upgrades to local facilities, and an accessible off-road trail now links the reserve with Castlemaine. Whether it suits you will depend on whether you want a small, riverside village setting with those kinds of local amenities.

Question 2

Is it expensive to live in Campbells Creek?

Accepted Answer

A house renting for $570 a week in Campbells Creek would take about 40.7% of a typical local household's weekly income as recorded at the most recent Census. On these figures that is a large share of income, so renting a house here would use a substantial portion of what a typical household earned at the last Census and is the figure renters will most likely focus on when weighing cost.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Campbells Creek a good place to invest?

Accepted Answer

House rents in Campbells Creek climbed a solid 7.5% over the past 12 months, while house values declined modestly, down 2.1% over the same period.

For someone weighing Campbells Creek as an investment, those figures mean rental income rose this year while house prices eased slightly, so the rent a house earns has been the stronger performer over the 12 months. Whether that balance suits your objectives and circumstances is something only you can decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-2.1%	N/A
Sold Past 3 months	7	N/A
Median days on market Past 12 months	101	N/A
Average rent Past 12 months	$570	N/A
Change in rent Past 12 months	7.5%	N/A

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