Suburb Profile Report for Charnwood ACT (2615)

Charnwood House: Median price $421,300, Annual capital growth 4.99%, Number of sales 39, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

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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%

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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. Full summary

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.

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HOUSE UNIT
$421,300 N/A
-0.28% N/A
2.88% N/A
4.99% N/A
$400 N/A
39 N/A
4.94% N/A
64.17 N/A

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 3067
Median household income ($/weekly) 1361
Median age of persons 32
Median housing loan repayment ($/monthly) 1800
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 415 13.5
    25-34 years 555 18.1
    35-44 years 492 16.0
    45-54 years 338 11.0
    55-64 years 328 10.7
    Others 939 30.6
    Age Group
    Census Count Percent(%)
    Not Married 1016 46.8
    Registered Married 885 40.7
    Defacto Relationship 272 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2278 79.0
    Papua New Guinea 29 1.0
    Philippines 54 1.9
    United Kingdom 110 3.8
    Other 138 4.8
    Others 275 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 66 2.4
    Christianity 1703 62.9
    Islam 44 1.6
    Other Religious Groups 30 1.1
    No Religion 844 31.2
    Others 20 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 114 11.0
    $1,250-$1,499 93 9.0
    $1,500-$1,999 148 14.3
    $2,000-$2,499 135 13.0
    $2,500-$2,999 88 8.5
    Others 458 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1012 45.5
    Not in the labour force 632 28.4
    Employed, worked part-time 398 17.9
    Employed, away from work 118 5.3
    Unemployed, looking for work 62 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 149 9.7
    Professionals 284 18.5
    Technicians & trades workers 239 15.6
    Community & personal service workers 190 12.4
    Clerical & administrative workers 306 20.0
    Others 363 23.7
    Occupation
    Census Count Percent(%)
    Pre-school 62 8.6
    Infants/Primary 258 35.7
    Secondary 181 25.1
    Technical or Further Educational Institution 73 10.1
    University or other Tertiary Institutions 127 17.6
    Others 21 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2601 90.3
    Semi-detached, row or terrace house, townhouse 273 9.5
    Flat, unit or apartment 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 501 44.7
    Rented 382 34.1
    Fully owned 237 21.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals