Charnwood has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 0.31% to date .
While Charnwood,2615 ranked number 74th in ACT for increase in median house value (annualised) increase, it is ranked 55th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Charnwood, 2615. Typically our figures indicate that -3.86% is being offered, which puts this ACT suburb at 3173th most discounted overall in Australia.
In the last year 33 properties changed hands in Charnwood, which puts it as the 60th most active market in ACT when comparing the number of sales per suburb.
Charnwood is 1st on a list of best yielding suburbs for rents in ACT with a 5.07% return
No longer a fringe suburb of Canberra, Charnwood is emerging as a cheap and popular alternative to nearby Dunlop, where properties often sell for more than $100,000 higher. Full summary
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No longer a fringe suburb of Canberra, Charnwood is emerging as a cheap and popular alternative to nearby Dunlop, where properties often sell for more than $100,000 higher. The area’s relative affordability could spur buyers to the area, driving up prices. It offers much of what Dunlop offers too: large block sizes, set upon hilly streets with great views of Canberra.
“Charnwood’s infrastructure is good,” says Dennis Vlandis of LJ Hooker-Belconnen. “It is a short drive to Belconnen centre and many of the federal government offices. The housing there appeals to a broad range of people, and is especially popular with young families.”
Best street(s): The most expensive homes are found around Arrietta Cl and Barns Place while Bloxham St and Weaver Pl boast some of the cheapest in the suburb.