Charnwood has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.85% to date .
Over the longer term, Charnwood has seen property prices show investors a 12.50% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.23% to buyers in Charnwood at the moment, which is less than average for the rest of ACT.
Situated 12.24km from the CBD, Charnwood is one of Unincorporated ACT localities in the postcode 2615.
Often selling an investment property can take time, and in Charnwood the average time real estate has been on the market is 64.72 days.
The ACT suburb of Charnwood, 2615 is in the Unincorporated ACT local government area.
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