Charnwood has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 4.01% to date .
Comparing Charnwood,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Charnwood should be aiming for at least -3.70% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 32 properties changed hands in Charnwood, which puts it as the 62th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $400 weekly from the median priced house in this 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.