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%.