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