Castlereagh vs Drummoyne
Property investment comparison - Castlereagh, NSW 2749 vs Drummoyne, NSW 2047
Head-to-head across core investment metrics: Castlereagh wins 3, Drummoyne wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Castlereagh | Drummoyne |
|---|---|---|
| Median house price | $3.1M | $3.2M |
| Median unit price | $715K | $1.5M |
| Gross rental yield (houses) | 1.60% | 2.35% |
| Gross rental yield (units) | 4.17% | 2.99% |
| 1-year house growth | - | +6.3% |
| 3-year house growth | - | +6.9% |
| Vacancy rate | 2.5% | 2.0% |
| Population | 1,248 | 12,011 |
Castlereagh vs Drummoyne: what the numbers say
The median house price is $3.1M in Castlereagh and $3.2M in Drummoyne, so Castlereagh is the cheaper entry point, with Drummoyne houses about 1% dearer.
For units, Castlereagh sits at a median of $715K against $1.5M in Drummoyne, which makes Castlereagh the more affordable unit market and Drummoyne the pricier one.
On cash flow, Drummoyne leads: houses there return a gross rental yield of 2.35%, compared with 1.60% in Castlereagh, a gap of 0.75 percentage points.
Rental vacancy is 2.0% in Drummoyne and 2.5% in Castlereagh, so landlords in Drummoyne face less competition for tenants.
Drummoyne is the bigger suburb, with a population of 12,011 against 1,248, roughly 10 times the size of Castlereagh; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Drummoyne for rental income, Castlereagh for a lower purchase price, Drummoyne for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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