Investment property in Charnwood has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.60%
Taking the average capital gain, or increase in median house value, Charnwood,2615 has racked up an average of -0.60% over the period. This ranks it number 2397th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Charnwood are currently offering property investors an average price cut of -2.69% below the asking price at the moment.
At number 1268 in a list of fastest selling suburbs, Charnwood is in the TOP 40% of suburbs in Australia with an average of days on market 65 for properties listed there.
Charnwood, 2615’s gross rental yield is 5.04%
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.