Charnwood, 2615 ranked 12th in ACT when comparing growth in median property values or capital gain over the last 12 months. Charnwood is one of 126 in our list for ACT
While Charnwood,2615 ranked number 15th in ACT for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
Residents and property investors in Charnwood have been waiting around 55.2759 days to sell a property.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
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Information supplied by:
September 2018
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House market for a budget
Postcode: 2615
Median house price: $460,000
Three-year growth: 13.6%
Rental yield: 5.0%
A suburb that has improved greatly since it was gazetted in 1971, Charnwood has been performing admirably over the five years to June 2018.
In that period, house prices increased by 24.3%, and the current median value comes in at a little over $450,000. Landlords reap high returns of 5% on average from rents of $440 per week – coupled with the reasonable price tags, it’s unsurprising that buyers are not letting properties remain on the market for two months.
Charnwood is popular with young professionals looking for an affordable home, as well as with families looking into the primary schools in this suburb, including Charnwood-Dunlop Primary School and Saint Thomas Aquinas Catholic Primary School. Charnwood’s shopping district serves the surrounding suburbs, such as Dunlop, Macgregor and Fraser. An emergency services station is located near the shops.