Suburb Profile Report for Charlestown NSW (2290)

Charlestown House: Median price $605,875, Annual capital growth 5.11%, Number of sales 168, Weekly median advertised rent $445

Charlestown Unit: Median price $432,750, Annual capital growth 3.57%, Number of sales 80, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Charlestown, 2290 ranked 837th in NSW when comparing growth in median property values or capital gain over the last 12 months. Charlestown is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Charlestown comes in at number 527th in NSW.

Vendor discounting in Charlestown is giving property investors an average Vendor Discount of around -6.85%. This puts suburb at number 302th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 14.00 sales per month, which equates to 168 per year.

A $445 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 5.11%.

Property value increases in Charlestown have tracked close to the NSW average of 0.04% over the last 12 months.

Over the longer term, Charlestown has seen property prices show investors a 11.82% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Charlestown 2290 should be seeing an average reduction in asking price of around -7.57% . This means that Charlestown is holding prices well when compared to other suburbs in NSW.

Situated 110.25km from the CBD, Charlestown is one of Lake Macquarie (C) localities in the postcode 2290.

Metrics i HOUSE UNIT
$605,875 $432,750
0.90% 3.04%
-2.28% -1.65%
5.11% 3.57%
$445 $380
168 80
3.82% 4.57%
57.7118644067797 95.9420289855072

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 12411
Median household income ($/weekly) 1244
Median age of persons 39
Median housing loan repayment ($/monthly) 1850
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1316 10.6
    25-34 years 1790 14.4
    35-44 years 1652 13.3
    45-54 years 1536 12.4
    55-64 years 1421 11.4
    Others 4697 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 4833 50.8
    Not Married 3826 40.3
    Defacto Relationship 846 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 10478 87.8
    Japan 84 0.7
    Papua New Guinea 109 0.9
    United Kingdom 385 3.2
    Other 197 1.7
    Others 681 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 1.3
    Christianity 8860 76.4
    Hinduism 62 0.5
    Islam 40 0.3
    No Religion 2437 21.0
    Others 42 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 485 10.9
    $600-$799 427 9.6
    $800-$999 393 8.9
    $1,500-$1,999 612 13.8
    $2,000-$2,499 432 9.7
    Others 2086 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3741 37.9
    Not in the labour force 3497 35.4
    Employed, worked part-time 1967 19.9
    Employed, away from work 384 3.9
    Unemployed, looking for work 278 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 621 10.2
    Professionals 1426 23.4
    Technicians & trades workers 940 15.4
    Clerical & administrative workers 991 16.3
    Sales 681 11.2
    Others 1431 23.5
    Occupation
    Census Count Percent(%)
    Pre-school 232 8.5
    Infants/Primary 837 30.7
    Secondary 737 27.0
    Technical or Further Educational Institution 280 10.3
    University or other Tertiary Institutions 577 21.1
    Others 67 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10049 85.1
    Flat, unit or apartment 897 7.6
    Semi-detached, row or terrace house, townhouse 849 7.2
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1922 40.4
    Being purchased 1663 35.0
    Rented 1150 24.2
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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