Castlecrag vs Cremorne Point

The median house price is $4.7M in Castlecrag and $4.8M in Cremorne Point, so Castlecrag is the cheaper entry point, with Cremorne Point houses about 3% dearer.

For units, Castlecrag sits at a median of $3.1M against $2.1M in Cremorne Point, which makes Cremorne Point the more affordable unit market and Castlecrag the pricier one.

On cash flow, Cremorne Point leads: houses there return a gross rental yield of 2.46%, compared with 2.20% in Castlecrag, a gap of 0.26 percentage points.

Over the past year house prices moved -1.7% in Castlecrag and +2.3% in Cremorne Point (an estimate), so recent momentum favours Cremorne Point, while Castlecrag went backwards.

Rental vacancy is 1.5% in Castlecrag and 2.2% in Cremorne Point, so landlords in Castlecrag face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Castlecrag is the bigger suburb, with a population of 2,965 against 2,270, larger than Cremorne Point; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Cremorne Point for rental income, Castlecrag for a lower purchase price, Cremorne Point for recent price momentum, Castlecrag for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.