Question 1

Is Castletown a nice place to live?

Accepted Answer

Castletown is a residential suburb of Esperance near the Southern Ocean and the town's beaches, with single-storey homes, tree-lined streets and a string of neighbourhood reserves.

Couples without children are the largest family group in Castletown, making up 43.7% of families, and most homes are owner-occupied. Local life centres on small shopping strips, parks and community facilities, with the Esperance town centre a short drive away and road connections providing straightforward access to the airport and regional routes. A renourishment campaign using a permanent buried pipeline replenished Castletown Beach and was completed.

Question 2

Is it expensive to live in Castletown?

Accepted Answer

A typical local household earned $1,612 a week at the most recent Census. In Castletown the current median house price is $677,500 and average house rent is $610 a week. That rent would take about 38% of a typical local household's weekly income, a sizeable share, while buying a house at $677,500 works out to about 8.1 times a typical local annual household income, so purchasing sits well above local incomes. Whether that feels expensive depends 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 Castletown a good place to invest?

Accepted Answer

In Castletown, house rents climbed 23.2% over the past 12 months while house values rose 15.8%. On houses, rental income has outpaced capital growth, with both movements strong and rents rising more than values.

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	$678K	N/A
Change in value Past 12 months	15.8%	N/A
Sold Past 3 months	16	2
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$610	N/A
Change in rent Past 12 months	23.2%	N/A

	Suburb	WA
Median age years	38	38
Median household income weekly	$1,612	$1,815
Couples with children share of families	40.1%	44.6%
Couples without children share of families	43.7%	38.8%
One-parent families share of families	14.6%	15.1%
Homes owned outright share of homes	32.5%	30.2%
Homes with a mortgage share of homes	36.0%	41.4%
Homes rented share of homes	31.5%	28.3%

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