Over the last year, property investments in Charnwood, 2615 have given investors a capital gain of 1.09%. This compares averagely with the 4.34% for ACT as a whole.
Charnwood,2615 was ranked 1625 in Australia by increase in median property value over the quarter.
In the last year 53 properties changed hands in Charnwood, which puts it as the 33th most active market in ACT when comparing the number of sales per suburb.
Charnwood, 2615’s gross rental yield is 5.31%
Information supplied by:
House market for a budget
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.