Suburb Profile Report for Charnwood ACT (2615)

Charnwood House: Median price $472,500, Annual capital growth 3.86%, Number of sales 36, Weekly median advertised rent $448

Charnwood Unit: Median price $370,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $380

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

Charnwood has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.85% to date .

Over the longer term, Charnwood has seen property prices show investors a 12.50% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.23% to buyers in Charnwood at the moment, which is less than average for the rest of ACT.

Situated 12.24km from the CBD, Charnwood is one of Unincorporated ACT localities in the postcode 2615.

Often selling an investment property can take time, and in Charnwood the average time real estate has been on the market is 64.72 days.

The ACT suburb of Charnwood, 2615 is in the Unincorporated ACT local government area.

Information supplied by:


September 2018

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A suburb that has improved greatly since it was gazetted in 1971, Charnwood has been performing admirably over the five years to June 2018Full summary

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.

Close
Metrics i HOUSE UNIT
$472,500 $370,000
1.34% N/A
3.85% N/A
3.86% N/A
$448 $380
36 11
4.92% 5.34%
31.26 64.72

Source: CoreLogic

DSR Score for property investment : Excellent (H), Above average (U)
Find a mortgage broker in Charnwood ACT
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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Recent sales & rentals