Suburb Profile Report for Charlestown NSW (2290)

Charlestown House: Median price $591,000, Annual capital growth 6.09%, Number of sales 231, Weekly median advertised rent $430

Charlestown Unit: Median price $411,000, Annual capital growth 4.13%, Number of sales 123, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Charlestown have tracked close to the NSW average of 11.06% over the last 12 months.

Taking the average capital gain, or increase in median house value, Charlestown,2290 has racked up an average of 11.51% over the period. This ranks it number 1434th in the whole country for real estate investors looking at median house price increases.

Charlestown2290 is located in NSW which offers an average discount of -5.22% to property investors. Charlestown itself is showing figures that indicate -4.29% is the average achievable by property buyers investing in the suburb.

Charlestown, 2290’s gross rental yield is 3.78%

Charlestown has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.38% to date .

If we look at median property appreciation over just the last three months, Charlestown has given property investors a paper return of 4.38%. This puts Suburb as 121 on a list of fastest fasting appreciating suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Charlestown, 2290. Typically our figures indicate that -3.27% is being offered, which puts this NSW suburb at 1206th most discounted overall in Australia.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.55%, without taking into account capital value appreciation, which has been averaging out at 4.13%.

Metrics i HOUSE UNIT
$591,000 $411,000
3.32% 4.38%
11.51% 5.38%
6.09% 4.13%
$430 $360
231 123
3.78% 4.55%
43.43 38.05

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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