At number 3679th in the list of Australian suburbs ordered by increase in median house value over the last year, Castletown, 6450 is in the BOTTOM 20% with a property value increase of -7.14% recorded in median house prices.
If we look at median property appreciation over just the last three months, Castletown has given property investors a paper return of -0.69%. This puts Suburb as 199 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Castletown are currently offering property investors an average price cut of -7.83% below the asking price at the moment.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.95%, without taking into account capital value appreciation, which has been averaging out at 1.66%.