At number 3039th in the list of Australian suburbs ordered by increase in median house value over the last year, Castletown, 6450 is in the BOTTOM 30% with a property value increase of -1.35% recorded in median house prices.
Over the longer term, Castletown has seen property prices show investors a -7.59% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Castletown is offering property investors an average of -8.22. This rate of discount on properties puts Suburb at number 309th in terms of most discounted suburbs in WA
With the median price for a house in Castletown being $365000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.99%