Castletown vs Pegs Creek
Property investment comparison - Castletown, WA 6450 vs Pegs Creek, WA 6714
Head-to-head across core investment metrics: Castletown wins 1, Pegs Creek wins 1. 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 | Pegs Creek |
|---|---|---|
| Median house price | $650K | $650K |
| Median unit price | - | $555K |
| Gross rental yield (houses) | 5.00% | - |
| Gross rental yield (units) | 3.85% | - |
| 1-year house growth | +14.7% | +21.1%estimate |
| 3-year house growth | +53.0% | - |
| Vacancy rate | 0.2% | 1.6% |
| Population | 3,968 | 2,050 |
Castletown vs Pegs Creek: what the numbers say
Houses cost about the same in both suburbs: the median house price is $650K in Castletown and $650K in Pegs Creek.
Over the past year house prices moved +14.7% in Castletown and +21.1% in Pegs Creek (an estimate), so recent momentum favours Pegs Creek, although both suburbs recorded growth.
Rental vacancy is 0.2% in Castletown and 1.6% in Pegs Creek, 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 2,050, larger than Pegs Creek; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Pegs Creek for recent price momentum, 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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