Question 1

Is Castlecrag a nice place to live?

Accepted Answer

Castlecrag is a quiet harbourside suburb on Sydney’s lower North Shore with a garden suburb pedigree from Walter Burley Griffin and Marion Mahony Griffin. Curving streets wind around sandstone outcrops and pockets of native bush, and homes sit low in the landscape, from Griffins-designed cottages and interwar masonry houses to discreet contemporary builds. A small village centre with cafes and local shops, easy access to waterfront reserves and walking tracks, and a peaceful community atmosphere suit people after a relaxed harbour-edge lifestyle while still close to the city.

The community is weighted towards couples and families, with couples with children making up 57.1% of families, and the median age is 47. Homes are overwhelmingly owner-occupied, totalling 88.9%. Council-led reserve and foreshore works, walking-track improvements, a volunteer-run Castlecrag Community Library and an active Community Centre Committee all support local amenity. That mix appeals to families, professionals and retirees; whether it suits you comes down to what you value in a suburb.

Question 2

Is it expensive to live in Castlecrag?

Accepted Answer

House rents in Castlecrag (2068) run to about $1,950 a week. Against a typical local household income at the most recent Census of $4,675 a week, that rent would take roughly 41.7% of a household's weekly income, which is a large share of income. For people renting rather than buying, that rent share is the most directly relevant number when weighing costs; whether it feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Castlecrag a good place to invest?

Accepted Answer

Over the past 12 months house values in Castlecrag fell by 2.9%, a modest decline in what houses are worth. House rents rose by 2.6% over the same period, a modest increase in the rental income those properties would generate.

For someone weighing Castlecrag up as an investment, the figures show capital value for houses eased while rental income edged up; which of those outcomes matters more will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-2.9%	N/A
Sold Past 3 months	8	N/A
Median days on market Past 12 months	95	N/A
Average rent Past 12 months	$1950	N/A
Change in rent Past 12 months	2.6%	N/A

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