Suburb Profile Report for Charlestown NSW (2290)

Charlestown House: Median price $538,000, Annual capital growth 5.35%, Number of sales 232, Weekly median advertised rent $425

Charlestown Unit: Median price $370,000, Annual capital growth 2.99%, Number of sales 119, Weekly median advertised rent $353

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$538,000 $370,000
0.56% -5.13%
5.91% -2.63%
5.35% 2.99%
$425 $353
232 119
4.11% 4.95%
57.4 49.28

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 12411
Median household income ($/weekly) 1244
Median age of persons 39
Median housing loan repayment ($/monthly) 1850
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1316 10.6
    25-34 years 1790 14.4
    35-44 years 1652 13.3
    45-54 years 1536 12.4
    55-64 years 1421 11.4
    Others 4697 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 4833 50.8
    Not Married 3826 40.3
    Defacto Relationship 846 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 10478 87.8
    Japan 84 0.7
    Papua New Guinea 109 0.9
    United Kingdom 385 3.2
    Other 197 1.7
    Others 681 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 1.3
    Christianity 8860 76.4
    Hinduism 62 0.5
    Islam 40 0.3
    No Religion 2437 21.0
    Others 42 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 485 10.9
    $600-$799 427 9.6
    $800-$999 393 8.9
    $1,500-$1,999 612 13.8
    $2,000-$2,499 432 9.7
    Others 2086 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3741 37.9
    Not in the labour force 3497 35.4
    Employed, worked part-time 1967 19.9
    Employed, away from work 384 3.9
    Unemployed, looking for work 278 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 621 10.2
    Professionals 1426 23.4
    Technicians & trades workers 940 15.4
    Clerical & administrative workers 991 16.3
    Sales 681 11.2
    Others 1431 23.5
    Occupation
    Census Count Percent(%)
    Pre-school 232 8.5
    Infants/Primary 837 30.7
    Secondary 737 27.0
    Technical or Further Educational Institution 280 10.3
    University or other Tertiary Institutions 577 21.1
    Others 67 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10049 85.1
    Flat, unit or apartment 897 7.6
    Semi-detached, row or terrace house, townhouse 849 7.2
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1922 40.4
    Being purchased 1663 35.0
    Rented 1150 24.2
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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