Castletown vs Gledhow
Property investment comparison - Castletown, WA 6450 vs Gledhow, WA 6330
Head-to-head across core investment metrics: Castletown wins 2, Gledhow wins 3. 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 | Castletown | Gledhow |
|---|---|---|
| Median house price | $650K | $670K |
| Median unit price | - | $290K |
| Gross rental yield (houses) | 5.00% | 6.00% |
| Gross rental yield (units) | 3.85% | 8.75% |
| 1-year house growth | +14.7% | - |
| 3-year house growth | +53.0% | +62.8% |
| Vacancy rate | 0.2% | 2.1% |
| Population | 3,968 | 1,079 |
Castletown vs Gledhow: what the numbers say
The median house price is $650K in Castletown and $670K in Gledhow, so Castletown is the cheaper entry point, with Gledhow houses about 3% dearer.
On cash flow, Gledhow leads: houses there return a gross rental yield of 6.00%, compared with 5.00% in Castletown, a gap of 1.00 percentage points.
Looking back three years, Castletown houses are +53.0% and Gledhow houses +62.8%, so Gledhow has compounded faster than Castletown over the longer window.
Rental vacancy is 0.2% in Castletown and 2.1% in Gledhow, so landlords in Castletown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Castletown is the bigger suburb, with a population of 3,968 against 1,079, roughly 3.7 times the size of Gledhow; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gledhow for rental income, Castletown for a lower purchase price, Castletown 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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