Castlereagh vs Cranebrook.
Comparing two suburbs with median house prices of $2,500,000 and $991,000. Cranebrook edges out on more headline metrics in this comparison.
Cranebrook (median $991,000) is roughly 152% cheaper to buy into than Castlereagh ($2,500,000). Over the past year, Cranebrook (+7.7%) ran 23.7 percentage points ahead of Castlereagh (-16%) on house-price growth.
On school quality, the average ICSEA across schools serving Castlereagh (1007) sits above Cranebrook (990).
For buyers
Cranebrook is the lower entry point at $991,000 median, 152% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Cranebrook carries both higher gross yield (3.52% vs 1.39%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Castlereagh edges out on average school ICSEA (1007 vs 990).
Common questions
Is Castlereagh or Cranebrook cheaper to buy in?
Cranebrook has the lower median house price at $991,000, roughly 152% below Castlereagh ($2,500,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Castlereagh or Cranebrook?
Over the past 12 months, Cranebrook grew +7.7% vs -16% in Castlereagh, a gap of 23.7 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Castlereagh or Cranebrook have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Castlereagh scores 1007 vs 990 in Cranebrook. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Castlereagh or Cranebrook?
Gross rental yield on houses is 3.52% in Cranebrook vs 1.39% in Castlereagh. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Castlereagh against another suburb