Charnwood has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 2.45% to date .
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.
Charnwood, 2615 is offering ACT ‘s 48th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this ACT.
Often selling an investment property can take time, and in Charnwood the average time real estate has been on the market is 65.26 days.
Charnwood is 1st on a list of best yielding suburbs for rents in ACT with a 4.95% 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.