Property investors who have had real estate in Charnwood, 2615 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.08%
While Charnwood,2615 ranked number 57th in ACT for increase in median house value (annualised) increase, it is ranked 67th over the last 5 years.
In the last year 50 properties changed hands in Charnwood, which puts it as the 39th most active market in ACT when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $23920 per annum or $460 every week.
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
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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.Close