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Castle Cove

POSTAL CODE: NSW, 2069
HOUSE

Property investors enjoyed capital gains of 0.5% over the last 12 months in CASTLE COVE, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.33% growth over a ten-year period. It ranks 2512th on our list of suburbs that property investors should look into.

CASTLE COVE, 2069 has a capital gain of 0.5% for the past year, which is lower than average compared to its 37.34% growth within a five-year period.

With the median home price in CASTLE COVE sitting at $4,000,000, and the average rent at $1440, property owners could potentially earn a 1.87% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CASTLE COVE are low, as opposed to average gains per annum over the past five years.

CASTLE COVE, 2069 in NSW belongs to the local government area of Willoughby.

Surburb overview

Castle Cove, located approximately 11 kilometres north of Sydney's central business district, is a suburb on the lower North Shore within the City of Willoughby. Situated on the western side of Middle Harbour, it offers residents scenic waterfront views and a tranquil environment.

As of the 2021 census, Castle Cove had 2,643 residents. The majority, 60.0%, were born in Australia, with other common countries of birth including China (7.3%), England (4.7%), and Hong Kong (4.1%). English was the only language spoken at home by 67.7% of residents, while other languages included Cantonese (8.7%) and Mandarin (7.9%).

The suburb is primarily residential and features various architectural styles, including modern residences and heritage-listed homes. A notable landmark is Innisfallen Castle, built by the Willis family in 1903-04. This grand, castle-like house is heritage-listed and has significant historical value.

Public transportation in Castle Cove includes the 277 bus route, operated by CDC NSW, which connects the suburb to Chatswood.

Castle Cove Public School serves the community's educational needs, accommodating students from Kindergarten to Year 6.

Castle Cove's housing landscape is diverse, with properties ranging from contemporary homes to heritage-listed residences. According to recent data, several properties are listed for sale in the suburb, reflecting its appeal in the real estate market.

Castle Cove offers a blend of residential charm, convenient amenities, and accessibility to Sydney's central areas, making it a desirable suburb for many residents.

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