At number 2996th in the list of Australian suburbs ordered by increase in median house value over the last year, Charnwood, 2615 is in the BOTTOM 30% with a property value increase of -1.05% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Charnwood,2615 has racked up an average of -1.05% over the period. This ranks it number 2771th in the whole country for real estate investors looking at median house price increases.
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 -4.95% is being offered, which puts this ACT suburb at 2610th most discounted overall in Australia.
Charnwood is 4th 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.