Over the last year, property investments in Charnwood, 2615 have given investors a capital gain of -1.48%. This compares very badly with the 5.72% for ACT as a whole.
Comparing Charnwood,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Charnwood is offering property investors an average of -5.15. This rate of discount on properties puts Suburb at number 35th in terms of most discounted suburbs in ACT
At number 971 in a list of fastest selling suburbs, Charnwood is in the TOP 30% of suburbs in Australia with an average of days on market 60.56 for properties listed there.
Charnwood, 2615’s gross rental yield is 5.01%
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.