If you compare the increase in value of investment property in Charnwood, 2615 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was -0.98%.
Over the longer term, Charnwood has seen property prices show investors a 13.88% return over the last 3 years. This is worse than over the last 12 months
A $480 per week rent on the median house gives suburb investors a gross yield of circa 5.48%, without taking into account capital value appreciation, which has been averaging out at 2.88%.
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.