Located in New South Wales within the Willoughby local government area, Castlecrag is a compact suburb (postcode 2068). The area has roughly 2,965 residents and an older-leaning population, with a median age of 47. Households earn a median income of $243K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
Castlecrag has a median house price of $4.8 million, which has risen steeply by 13.4% year-on-year. Units have a median price of $3.1 million. The current median weekly rent is $1038. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $4,333.
Public transport access includes 13 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Willoughby LGA is below average at 2,205 incidents per 100,000 population.
On the investment side, Castlecrag shows a gross rental yield of approximately 1.1%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 19.8x is considered stretched. House prices have moved +13.4% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.