Over the last year, property investments in Charlestown, 2290 have given investors a capital gain of 4.30%. This compares badly with the 9.05% for NSW as a whole.
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 buyers and investors in Charlestown 2290 should be seeing an average reduction in asking price of around -4.91% . This means that Charlestown is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 5.62%, investors should hope to achieve an overall return of 3.96%
With a capital gain of 1.82% for the last 12 months, Charlestown, 2290 has performed for property investments than its average annual 3.31% property growth over the last 5 years.
A 19.88% growth in median value for property investors in Charlestown,2290 puts this suburb at number 145th in terms of best performing suburbs in NSW
Vendor discounting in Charlestown is giving property investors an average Vendor Discount of around -3.52%. This puts suburb at number 295th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.31%, investors should hope to achieve an overall return of 4.78%