Property investors who have had real estate in Charnwood, 2615 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.70%
While Charnwood,2615 ranked number 3rd in ACT for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.
At number 398 in a list of fastest selling suburbs, Charnwood is in the TOP 20% of suburbs in Australia with an average of days on market 47.4688 for properties listed there.
With the median price for a house in Charnwood being $477000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 5.67%
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.