Over the last year, property investments in Charnwood, 2615 have given investors a capital gain of 1.07%. This compares badly with the 5.75% for ACT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Charnwood comes in at number 63th in ACT.
Vendor discounting in Charnwood is giving property investors an average Vendor Discount of around -2.84%. This puts suburb at number 43th in ACT when ranking the most discounted suburbs.
Advertised rents are around the $410 mark per week – giving a return of 4.99% based on the median price in Suburb
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.