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Castra vs West Moonah

Property investment comparison - Castra, TAS 7315 vs West Moonah, TAS 7009

Head-to-head across core investment metrics: Castra wins 1, West Moonah 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.

MetricCastraWest Moonah
Median house price$720K$720K
Median unit price--
Gross rental yield (houses)3.42%4.67%
Gross rental yield (units)-4.93%
1-year house growth-+15.0%
3-year house growth-+0.7%
Vacancy rate0.3%0.7%
Population414,522

Castra vs West Moonah: what the numbers say

Houses cost about the same in both suburbs: the median house price is $720K in Castra and $720K in West Moonah.

On cash flow, West Moonah leads: houses there return a gross rental yield of 4.67%, compared with 3.42% in Castra, a gap of 1.25 percentage points.

Rental vacancy is 0.3% in Castra and 0.7% in West Moonah, so landlords in Castra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

West Moonah is the bigger suburb, with a population of 4,522 against 41, roughly 110 times the size of Castra; a larger suburb usually means a deeper pool of buyers and tenants.

In short: West Moonah for rental income, Castra for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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