Suburb Profile Report for Charlestown NSW (2290)

Charlestown House: Median price $551,000, Annual capital growth 5.54%, Number of sales 242, Weekly median advertised rent $430

Charlestown Unit: Median price $390,000, Annual capital growth 3.36%, Number of sales 132, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$551,000 $390,000
2.04% 5.41%
3.96% 1.30%
5.54% 3.36%
$430 $360
242 132
4.06% 4.80%
48.92 47.07

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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