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Castlecrag, NSW 2068

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 Castlecrag, NSW 2068 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 “Castlecrag, NSW 2068”

  1. The total adult population (15 years or older) of Castlecrag 2068 NSW is 2,432, with a median age of 47. Of those, 61.27% are married, 5.84% are divorced or separated, 28.95% are single and 3.62% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $19,428. The median monthly mortgage repayment for households in this suburb is $4,333 which is 22.30% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Castlecrag, postcode 2068, is home to approximately 1139 households. As of the Q3 of 2023, the typical price for a house in Castlecrag 2068 is a noticeable $3,772,224. Houses in this area can expect to fetch a median weekly rent of $1,772. These rates yield an indicative 2.44%, which is slightly below the 3% minimum attractive market requirement for cashflow-centred property investors. Although a bit lower, considering the property value, it’s still a significant income.

    Castlecrag 2068 exhibits a healthy socio-economic backdrop. With an IRSAD score of 1195 out of 1217, the residents of Castlecrag generally enjoy solid economic resources, high income levels and are likely to hold professional occupations.

    The renter to owner ratio in Castlecrag is a mere 11%, a figure well below the 30% maximum threshold, indicating a desirable owner-occupied market. Similarly, there’s a dominating presence of houses rather than units, with units to houses ratio at 0%. This factor positively affects property investment as reduced competition among landlords for tenants could lead to sustained rental yields.

    However, property affordability might present a challenge for buyers in Castlecrag with the affordability index standing high at 76 years, surpassing the average 30 years for a standard mortgage, indicating a higher-end property market.

    On the supply front, Castlecrag proves promising, as evidenced by a low 0.18% stock on market percentage and an inventory level of just under half a month (0.49 months), pointing towards a tight property market. Only a moderate increase in dwellings is anticipated, given the building approvals ratio of 0.35%.

    The average time houses are listed on the market (DoM) is 27 days, showing a high demand in the area. However, with a combined vacancy rate of 4.84%, it’s important to keep an eye on potential supply exceeding demand. This might be balanced out by a high buy search index for houses at 7, suggesting strong interest from potential purchasers.

    Whilst some metrics for Castlecrag may fall into unfavourable ranges, it’s noteworthy to mention that many other metrics present a favourable overview. Property investment, after all, is a multifaceted process and investors must also consider the suburb’s overall desirability and growth potential. Advanced metrics like RCS (Relative Composite Score) can further assist in decision making by considering multiple factors at once.

    In the dynamic Australian property market, thorough understanding and diligent monitoring of ongoing trends are vital to securing a profitable investment, so be sure to stay informed.

    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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