Question 1

Is Casterton a nice place to live?

Accepted Answer

Casterton is a small rural town on the banks of the Glenelg River with a strong farming hinterland and a long association with the Kelpie working dog through the Australian Kelpie Centre. The main street is compact, with historic buildings, a bakery, a pub and community services, and life moves at a country pace centred on local sporting clubs, community events and river recreation. Surrounding roads open out to sheep and mixed farms and scattered cottages, so it suits farming families, people after a quieter lifestyle and those who value open countryside.

The community numbers 1,673 people and has a median age of 58, and homes are predominantly owner-occupied (84.5%). Everyday convenience is local, and the town is seeing infrastructure work such as a major water reclamation plant upgrade aimed at improving recycled water quality, recent modernisation of the primary school and funded upgrades at Island Park Oval. Whether Casterton suits you will come down to what you want from a small country town.

Question 2

Is it expensive to live in Casterton?

Accepted Answer

In Casterton, a median house price of $290,000 is about 6.3 times a typical local household's annual income at the last Census. That calculation uses the suburb's median weekly household income of $881, which annualises to $45,812, so on these figures buying a house sits well above what a typical local household earned at the last Census.

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 Casterton a good place to invest?

Accepted Answer

Median house values in Casterton edged down 0.4% over the past 12 months, a marginal fall in house prices for the year. That number is the capital-growth figure for houses, so the data show a slight decline in house values over the year.

Whether that movement matters for your plans depends on your own goals and timeframe; some investors prioritise capital growth while others prioritise rental income or different measures.

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	$290K	N/A
Change in value Past 12 months	-0.4%	N/A
Sold Past 3 months	14	N/A
Median days on market Past 12 months	65	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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