Over the last year, property investments in Charlestown, 2290 have given investors a capital gain of 3.96%. This compares badly with the 8.26% for NSW as a whole.
Over the longer term, Charlestown has seen property prices show investors a 25.23% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Charlestown is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 636th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5160 per annum or $430 every week.
At number 980th in the list of Australian suburbs ordered by increase in median house value over the last year, Charlestown, 2290 is in the BOTTOM 50% with a property value increase of 1.30% recorded in median house prices.
Across a shorter period, Charlestown, 2290 has seen a median price increase of 5.41% over the last quarter.
Charlestown2290 is located in NSW which offers an average discount of -4.33% to property investors. Charlestown itself is showing figures that indicate -3.52% is the average achievable by property buyers investing in the suburb.
At number 212 in a list of fastest selling suburbs, Charlestown is in the TOP 20% of suburbs in Australia with an average of days on market 47.07 for properties listed there.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.36%, investors should hope to achieve an overall return of 4.80%