Property value increases in Charnwood have tracked close to the ACT average of 8.08% over the last 12 months.
The five-year average increase in median property values for Charnwood,2615 has given property investors a potential capital gain of 23.78% across each of those five years.
Often selling an investment property can take time, and in Charnwood the average time real estate has been on the market is 31.0769 days.
Renters in Suburb are facing rents around $23660 per annum or $455 every week.
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.