Investment property in Charnwood has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.36%
Charnwood,2615 has offered an average of 14.36% return per annum in house price rises to property investors over the last three years.
Often selling an investment property can take time, and in Charnwood the average time real estate has been on the market is 48.0476 days.
Advertised rents are around the $485 mark per week – giving a return of 4.95% based on the median price in Suburb
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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.