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Upper Castra, TAS 7315

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$750,000

list-price estimate

Median Unit

$580,000

list-price estimate

Gross Yield (houses)

2.8%

1yr Growth (houses)

+22.9%

market range +17.5% to +25.0%

Investment snapshot for Upper Castra

Upper Castra has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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See exactly which signals drive Upper Castra - yield, growth, affordability, vacancy, livability, safety, and demographics.

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Upper Castra market and investor summary

In Upper Castra, TAS 7315, houses show a gross rental yield of 2.8%. House prices have moved +22.9% over the past year. At 0.6% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking. Houses also take time to sell, around 793 days on market, so plan for a slower exit if you ever need one.

Living in Upper Castra: people, income and schools

About 85 people live in Upper Castra, a number that has held fairly steady over five years. The median age is 53, an older, established demographic, and families account for 71% of households.

Households here earn a median of about $62,000 a year, or roughly $1,190 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10).

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
85
+1% over 5yr
Median age
53 years
Median household income
$62,000/yr
Households renting
23%
Family households
71%
Socio-economic rank
2/10
ABS advantage index
Unemployment
3.9%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Upper Castra

No properties currently listed in Upper Castra

Search Upper Castra listings →

Frequently asked questions about Upper Castra

What should I check before investing in Upper Castra?

Upper Castra has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +22.9% in the past year shows strong recent price momentum. Tight rental market (0.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What rental yield does Upper Castra show?

The gross rental yield in Upper Castra is 2.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Upper Castra?

House prices in Upper Castra are up 22.9% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Upper Castra?

The current vacancy rate in Upper Castra is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Upper Castra?

Upper Castra has a population of approximately 85 residents, with a median age of 53.

Is Upper Castra's population growing?

The population of Upper Castra has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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