Suburb Profile Report for Charlestown NSW (2290)

Charlestown House: Median price $580,000, Annual capital growth 5.96%, Number of sales 218, Weekly median advertised rent $430

Charlestown Unit: Median price $405,000, Annual capital growth 3.80%, Number of sales 126, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.13% which means that Charlestown, 2290 has done well for property investors by showing a capital gain of 10.21% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Charlestown has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Charlestown should be aiming for at least -4.81% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 218 properties changed hands in Charlestown, which puts it as the 47th most active market in NSW when comparing the number of sales per suburb.

Property value increases in Charlestown have tracked close to the NSW average of 7.74% over the last 12 months.

Comparing Charlestown,2290 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Charlestown, 2290 is offering NSW ‘s 295th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

Residents and property investors in Charlestown have been waiting around 42.77 days to sell a property.

Advertised rents are around the $360 mark per week – giving a return of 4.62% based on the median price in Suburb

Metrics i HOUSE UNIT
$580,000 $405,000
4.50% 4.11%
10.21% 5.19%
5.96% 3.80%
$430 $360
218 126
3.86% 4.62%
43.35 42.77

Source: CoreLogic

DSR Score for property investment : Good (U), 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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