Charnwood, 2615 ranked 62th in ACT when comparing growth in median property values or capital gain over the last 12 months. Charnwood is one of 126 in our list for ACT
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Charnwood has increased when compared to the 5 year average annual rate.
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 -3.78% is being offered, which puts this ACT suburb at 3228th most discounted overall in Australia.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 4.99%, investors should hope to achieve an overall return of 4.94%
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.