ACT has seen average median house prices change by 8.60% which means that Charnwood, 2615 has done well for property investors by showing a capital gain of 10.12% over the last year
Taking the average capital gain, or increase in median house value, Charnwood,2615 has racked up an average of 10.12% over the period. This ranks it number 2330th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Charnwood is $462500, with sellers offering an average of -5.36% off the asking price.
At number 408 in a list of fastest selling suburbs, Charnwood is in the TOP 20% of suburbs in Australia with an average of days on market 39.89 for properties listed there.
No longer a fringe suburb of Canberra, Charnwood is emerging as a cheap and popular alternative to nearby Dunlop, where properties often sell for more than $100,000 higher. Full summary
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No longer a fringe suburb of Canberra, Charnwood is emerging as a cheap and popular alternative to nearby Dunlop, where properties often sell for more than $100,000 higher. The area’s relative affordability could spur buyers to the area, driving up prices. It offers much of what Dunlop offers too: large block sizes, set upon hilly streets with great views of Canberra.
“Charnwood’s infrastructure is good,” says Dennis Vlandis of LJ Hooker-Belconnen. “It is a short drive to Belconnen centre and many of the federal government offices. The housing there appeals to a broad range of people, and is especially popular with young families.”
Best street(s): The most expensive homes are found around Arrietta Cl and Barns Place while Bloxham St and Weaver Pl boast some of the cheapest in the suburb.