Property investors who have had real estate in Charnwood, 2615 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.81%
The five-year average increase in median property values for Charnwood,2615 has given property investors a potential capital gain of 9.90% across each of those five years.
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 -3.37% is being offered, which puts this ACT suburb at 3384th most discounted overall in Australia.
At number 1467 in a list of fastest selling suburbs, Charnwood is in the TOP 40% of suburbs in Australia with an average of days on market 68.47 for properties listed there.
Advertised rents are around the $400 mark per week – giving a return of 4.90% 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.