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Castletown, WA 6450

Home » WA Real Estate Data » Shire of Esperance, WA » Castletown, WA 6450

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 Castletown, WA 6450 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.

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Castletown, WA 6450”

  1. The total adult population (15 years or older) of Castletown 6450 WA is 3,140, with a median age of 38. Of those, 46.97% are married, 10.35% are divorced or separated, 36.88% are single and 5.54% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,268. The median monthly mortgage repayment for households in this suburb is $1,717 which is 20.77% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Western Australia, the suburb of Castletown, postcode 6450, boasts approximately 2,150 households. As we enter the third quarter of 2023, typical house prices in Castletown sit at an alluring $539,568, while renters can expect to pay a median weekly fee of $376. This equates to an indicative yield of 3.62%, favourable for any cashflow-focused investor given that it’s above the minimum market requirement of 3%.

    From a socioeconomic perspective, Castletown perches at a comfortable 951 out of 1,217 on the IRSAD scale, showing that the locals enjoy a reasonable level of access to economic resources and skilled professions. More closely related to the property market, we see a renter to owner ratio at 31%. This is just above the preferable 30%, suggesting a slight oversaturation of rental properties. However, the market maintains a low proportion of units to houses with a ratio of 7%, which reduces competition among landlords for tenants and assists in maintaining healthy rental yields.

    In terms of affordability, Castletown shines. The suburb showcases an affordability index of 26 years for houses, well below the tipping point of 31 years, illustrating high affordability among its residents.

    Regarding supply metrics, Castletown scores favourably. The stock on market Percentage is a low 0.2%, indicating a low supply and strong market competition. Contributing low market supply is the 0.75 month of inventory level and negligible building approvals Ratio for houses, which bodes well for price stability for existing property owners. However, potential buyers may need to act quickly when opportunities arise.

    In terms of demand metrics, Castletown records a long days on market for houses at 205, which might indicate lower demand. Yet, countering this is an exceptionally low vacancy rate of 0.3% for combined houses and units displaying a scarcity of available rental properties. In comparison, the buy search index for houses is noted at 3, standing at the lower edge of a normal demand.

    Quite fittingly, trends in the property market of Castletown reinforces the importance of the comprehensive understanding of suburb dynamics. Overall, the promising IRSAD score, favourable yield, excellent affordability and beneficial supply constraints make Castletown a suburb to review closely for property investors and buyers alike. To ease the research, tools such as RCS (Relative Composite Score) by HtAG Analytics can help automate this process and complement your property investment strategy.

    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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