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Captains Flat is a suburb of Regional NSW, New South Wales and is about 251 kms southwest of NSW's capital city of Sydney. In the 2011 Australian census the population of Captains Flat was 743 when there were 353 Females and 390 Males living there. The median age for people living in Captains Flat was 38. Captains Flat is a town in the Southern Tablelands of New South Wales, Australia, in Palerang Shire. Captains Flat is south of Queanbeyan. It is suggested that a bullock named "Captain" from Foxlow station, 12 km away, grazed here and hence the place name of Captains Flat.The town formed as a result of mining for gold, silver, lead, zinc, copper and iron pyrites in the hills surrounding the upper reaches of the Molonglo River.