ACT has seen average median house prices change by 5.15% which means that Charnwood, 2615 has done well for property investors by showing a capital gain of 0.35% over the last year
While Charnwood,2615 ranked number 43th in ACT for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.
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 5.02% 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.