Free full calculator โ†’
Suburb Insights ยท NSW 2069

Castle Cove 2069, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Castle Cove is a well-established middle-ring suburb of Sydney, Australia, with a population of approximately 2,643, making it a boutique locality. Located approximately 9 km from the Sydney CBD, Castle Cove is a middle ring area in New South Wales. The median household income is $178,828 AUD per year (ABS 2021 Census).

Investment Score

73 / 100 Good

Castle Cove benefits from a high-income resident base, supporting premium property pricing. The short commute to the city centre is a key demand driver.

Location

Map shows Castle Cove, New South Wales, Australia.

Key Indicators

Postcode
2069

Official Australia Post postcode for Castle Cove. A postcode may cover multiple suburbs.

Australia Post Postcode Finder โ†’
Population
2,643

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$1,000/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$178,828/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
9 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

Find schools near Castle Cove on My School โ†’
Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$4,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
84% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Castle Cove's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $1,000/week (ABS 2021) indicates a premium rental market. Owner-occupiers face a median mortgage repayment of $4,000/month. A median household income of $178,828/year supports premium property values and indicates a well-employed resident base. 84% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

โœ…
Buy & Hold

With robust local demand and income levels, Castle Cove is a natural candidate for patient investors.

โœ…
Rental Yield

Strong tenant demand in Castle Cove underpins consistent rental income and low vacancy risk.

โŒ
Renovation / Flip

The resale market in Castle Cove may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Castle Cove property

Full Property Analysis

30-year projections for Castle Cove

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

Create free account โ†’
Or jump straight to a calculator: Loan Serviceability First Home Buyer Grants

2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Castle Cove is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. The rental market in Castle Cove should see steady occupancy, with moderate upward pressure on rents. Castle Cove remains on the radar of active property investors in New South Wales.

Frequently Asked Questions

Is Castle Cove a good suburb for investment?

Castle Cove is a middle ring area in New South Wales with a population of 2,643. The median rent is $1,000/week and the median household income is $178,828/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Castle Cove?

Key demand drivers in Castle Cove include established amenities and transport access. 84% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Castle Cove?

According to the ABS 2021 Census, Castle Cove has a population of approximately 2,643. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Castle Cove from the Sydney CBD?

Castle Cove is approximately 9 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

Explore Nearby Suburbs

New South Wales Property Resources