Castlecrag vs Wollstonecraft

The median house price is $4.7M in Castlecrag and $4.8M in Wollstonecraft, so Castlecrag is the cheaper entry point, with Wollstonecraft houses about 2% dearer.

For units, Castlecrag sits at a median of $3.1M against $1.4M in Wollstonecraft, which makes Wollstonecraft the more affordable unit market and Castlecrag the pricier one.

On cash flow, Castlecrag leads: houses there return a gross rental yield of 2.20%, compared with 1.42% in Wollstonecraft, a gap of 0.78 percentage points.

Over the past year house prices moved -1.7% in Castlecrag and -1.3% in Wollstonecraft, so recent momentum favours Wollstonecraft, while Castlecrag went backwards.

Looking back three years, Castlecrag houses are +4.8% and Wollstonecraft houses +15.6%, so Wollstonecraft has compounded faster than Castlecrag over the longer window.

Rental vacancy is 1.2% in Wollstonecraft and 1.5% in Castlecrag, so landlords in Wollstonecraft face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wollstonecraft is the bigger suburb, with a population of 8,115 against 2,965, roughly 2.7 times the size of Castlecrag; a larger suburb usually means a deeper pool of buyers and tenants.

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