At number 2080th in the list of Australian suburbs ordered by increase in median house value over the last year, Charnwood, 2615 is in the BOTTOM 50% with a property value increase of -0.87% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Charnwood comes in at number 46th in ACT.
With the median price for a house in Charnwood being $456000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 5.47%
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.