With a capital gain of 18.81% for the last 12 months, Charnwood, 2615 has performed for property investments than its average annual 8.64% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Charnwood has increased when compared to the 5 year average annual rate.
The most recent median price for Charnwood is $615000, with sellers offering an average of 0.00% off the asking price.
At number 1 in a list of fastest selling suburbs, Charnwood is in the TOP 10% of suburbs in Australia with an average of days on market 0 for properties listed there.
Renters in Suburb are facing rents around $15600 per annum or $300 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.