Suburb Profile Report for Charnwood ACT (2615)

Charnwood House: Median price $456,000, Annual capital growth 3.07%, Number of sales 55, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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:


September 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$456,000 N/A
-0.87% N/A
-0.87% N/A
3.07% N/A
$480 N/A
55 N/A
5.47% N/A
66.8888888888889 N/A

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Excellent (H), Good (U)
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Demographics
Total population 3067
Median household income ($/weekly) 1361
Median age of persons 32
Median housing loan repayment ($/monthly) 1800
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 415 13.5
    25-34 years 555 18.1
    35-44 years 492 16.0
    45-54 years 338 11.0
    55-64 years 328 10.7
    Others 939 30.6
    Age Group
    Census Count Percent(%)
    Not Married 1016 46.8
    Registered Married 885 40.7
    Defacto Relationship 272 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2278 79.0
    Papua New Guinea 29 1.0
    Philippines 54 1.9
    United Kingdom 110 3.8
    Other 138 4.8
    Others 275 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 66 2.4
    Christianity 1703 62.9
    Islam 44 1.6
    Other Religious Groups 30 1.1
    No Religion 844 31.2
    Others 20 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 114 11.0
    $1,250-$1,499 93 9.0
    $1,500-$1,999 148 14.3
    $2,000-$2,499 135 13.0
    $2,500-$2,999 88 8.5
    Others 458 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1012 45.5
    Not in the labour force 632 28.4
    Employed, worked part-time 398 17.9
    Employed, away from work 118 5.3
    Unemployed, looking for work 62 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 149 9.7
    Professionals 284 18.5
    Technicians & trades workers 239 15.6
    Community & personal service workers 190 12.4
    Clerical & administrative workers 306 20.0
    Others 363 23.7
    Occupation
    Census Count Percent(%)
    Pre-school 62 8.6
    Infants/Primary 258 35.7
    Secondary 181 25.1
    Technical or Further Educational Institution 73 10.1
    University or other Tertiary Institutions 127 17.6
    Others 21 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2601 90.3
    Semi-detached, row or terrace house, townhouse 273 9.5
    Flat, unit or apartment 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 501 44.7
    Rented 382 34.1
    Fully owned 237 21.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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