At number 1782th in the list of Australian suburbs ordered by increase in median house value over the last year, Charlestown, 2290 is in the top half with a property value increase of 5.91% recorded in median house prices.
Charlestown,2290 has offered an average of 5.91% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Charlestown should be aiming for at least -5.25% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 5.35%, investors should hope to achieve an overall return of 4.11%
With a capital gain of -2.63% for the last 12 months, Charlestown, 2290 has performed for property investments than its average annual 2.99% property growth over the last 5 years.
Charlestown,2290 was ranked 1510 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Charlestown should be aiming for at least -3.76% off the asking price, which is the average vendor discount being achieved at the moment.