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Castle Cove, NSW 2069

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Castle Cove, NSW 2069 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Castle Cove, NSW 2069”

  1. The total adult population (15 years or older) of Castle Cove 2069 NSW is 2,119, with a median age of 46. Of those, 62.01% are married, 5.99% are divorced or separated, 25.77% are single and 6.23% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $15,364. The median monthly mortgage repayment for households in this suburb is $4,000 which is 26.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the vibrant region of NSW, the affluent suburb of Castle Cove 2069 is home to an estimated 1,015 households. As we approach the end of Q3 2023, we find that the market for houses in Castle Cove situates its typical prices around a solid $3,670,805. Combined with a median weekly rent of $1,496, the indicative yield settles at a modest 2.12%.

    Sharing an impressive socio-economic score of 1,180 out of a possible 1,217, Castle Cove 2069 is indicative of an area with an access to superior economic resources, high household income levels and a high proportion of skilled professionals. Its favourable renter to owner ratio of 11% signifies a strong ownership culture, contributing to stability and adding to neighbourhood appeal. Furthermore, the suburb sees a 0% of units to houses ratio which suggests less competition among landlords for tenants, ideal for maintaining higher rental yields.

    However, with an affordability index stretching to a rather significant 94 years, full property ownership does demand a longer commitment, potentially portraying a less affordable housing market. As we consider the supply metrics, the stock on the market percentage for houses is a mere 0.1%, and the inventory for houses labels a predictably quick market absorption rate at just 0.41 months. With a building approvals ratio of 0.69%, it indicates a rather low influx of new dwelling stock in the market which again solidifies reduced competition for property investors.

    From the perspective of property demand, Castle Cove 2069 seems to uphold a vibrant market. With houses spending an average of just 28 days on the market, the demand for such properties can be labelled as high. Although, do consider the vacancy rate which is at a 5.5%; it indicates neutral demand, this could be attributed to the suburb’s combined houses and units statistics.

    Moreover, with a buy search index registering at a standard 5, it seems that online property searches in Castle Cove align closely with the state/city average.

    In summary, while the property market analysis of Castle Cove 2069 deems certain metrics as challenging, the majority present very appealing, favourable terms for investment. It demonstrates the importance of looking beyond single figures and understanding the broader market trends, made easier with tools like the RCS to consistently stay abreast of developments. Remember, the best property investment decisions are often derived from thorough market data assessment.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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