LGA · VIC · NORTHERN VICTORIA

Campaspe Shire

Goulburn Valley shire — paddle steamer capital with 2.5% unemployment. Roughly 225km from Melbourne CBD.

Northern Victoria Hotspotting refresh: Jun 2026 225km from CBD

Investment thesis

What this LGA is for

Northern Victoria shire ~225km from Melbourne in the heart of the Goulburn Valley, on the Murray River. Anchored on Echuca, Australia's paddle steamer capital and the LGA's largest commercial centre. Gross Regional Product $3.213 billion (2025), grown 1.1% per year since 2008. Unemployment 2.5% (Sep 2025 quarter), well below the Victorian rate and about half what it was five years ago. Manufacturing is the largest contributor to economic output, health care + agriculture the largest employers. Strong tourism economy built on the Murray River paddle steamer corridor + agricultural region positioning.

Key numbers

Snapshot of the Campaspe Shire economy and demographics.

Gross Regional Product (2025)

$3.213B

Unemployment (Sep 2025) — half of 5-year ago level

2.5%

GRP CAGR since 2008

+1.1%/yr

North of Melbourne

225km

Infrastructure pipeline

The committed and in-flight infrastructure spend reshaping the LGA.

Major

Echuca paddle steamer tourism

Murray River paddle steamer fleet anchored at Echuca. Major tourism employment + revenue driver.

Major

Manufacturing sector

Largest contributor to economic output. Anchored on regional industrial base.

Major

Murray River corridor

Cross-border (NSW/VIC) river economy. Echuca-Moama twin-city dynamic.

Major

Goulburn Valley agricultural backbone

Stone fruit, dairy, viticulture, broad-acre cropping.

Major

Regional services hub

Health care + education + retail centre for the broader Murray-Goulburn region.

Major

Inland transport corridor

Critical road + rail freight node between Bendigo + Shepparton + the Murray crossing.

Suburbs in scope

Suburbs we actively track within Campaspe Shire. House market data from PropTrack via Hotspotting LGA report (12 months trailing).

Suburb	Median (house)	Yield	1yr growth	Vacancy	Read
Echuca (House)	$635K	5.10%	+11%	1.20%	LGA commercial heart. Strong YoY. 285 sales/yr
Kyabram	$513K	4.90%	+5%	1.30%	Established town middle-tier
Rochester	$475K	5.80%	+37%	1.40%	STRONGEST YoY GROWTH (+37%). Post-flood recovery
Echuca (Unit)	$438K	5.20%	+1%	1.30%	Strong unit market 64 sales/yr

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