Castlecrag

POSTAL CODE: NSW, 2068
HOUSE
CASTLECRAG ranks 656th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 13.36% for the past year is higher than average compared to its 49.05% growth within a five-year period.

Also in CASTLECRAG, the median home price is sitting at $4,818,000, and the average rent at $1800, this suggests property owners could potentially earn a 1.94% increase in gross rental yield.

Property investors have seen a -0.07% drop in CASTLECRAG based on a decrease in median home prices for the past three months.

They believe that homeowners and real estate investors betting on CASTLECRAG, 2068 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.36%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.85% growth over a ten-year period. It ranks 2040th on our list of suburbs that property investors should look into.

Surburb overview

Castlecrag, located approximately 8 kilometres north of Sydney's central business district, is a suburb on the lower North Shore within the City of Willoughby. Bounded by Middle Harbour to the north, east, and south and by Eastern Valley Way to the west, it offers residents scenic waterfront views and a tranquil environment.

As of the 2021 census, Castlecrag had 2,965 residents. The median weekly household income was $4,675, significantly higher than the national median of $1,746, reflecting the suburb's affluent status. The majority of dwellings (88.3%) are separate houses.

Public transportation in Castlecrag includes Busways routes 203 and 275, connecting the suburb to North Sydney and Chatswood.

The Quadrangle Shopping Village on Edinburgh Road features an IGA supermarket and various specialty shops, providing residents convenient access to daily necessities. Opposite the Quadrangle, a small group of shops offers additional services and retail options.

Castlecrag is renowned for its historical significance, mainly its association with architects Walter Burley Griffin and Marion Mahony Griffin, who planned the suburb in the early 20th century. Their design emphasised harmony with the natural environment, resulting in winding roads that follow the land's contours and numerous reserves linked by walking paths. Notable heritage-listed sites include Buhrich House II, Duncan House, The Glass House, and Fishwick House.

The suburb's unique blend of architectural heritage, natural beauty, and community-focused design contributes to its appeal as a desirable residential area within Sydney's lower North Shore. 

You’re out of free articles for this month
Loading form...