Charnwood is an average performer in ACT when comparing median price capital growth over the last year. Charnwood gave property investors a average capital gain figure when compared to the rest of the state, with 6.98%.
Comparing Charnwood,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.34% offered to property buyers. Sellers in Charnwood itself are offering an average vendor discount of -4.00% to real estate investors.
At number 386 in a list of fastest selling suburbs, Charnwood is in the TOP 20% of suburbs in Australia with an average of days on market 41.46 for properties listed there.
The ACT suburb of Charnwood, 2615 is in the Unincorporated ACT local government area.
Property investors looking for a bargain in Charnwood should be aiming for at least -7.50% off the asking price, which is the average vendor discount being achieved at the moment.
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
Information supplied by:
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.