Charlestown has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 13.08% to date .
While Charlestown,2290 ranked number 515th in NSW for increase in median house value (annualised) increase, it is ranked 768th over the last 5 years.
Our latest figures would indicate that property sellers in Charlestown are currently offering property investors an average price cut of -3.40% below the asking price at the moment.
At number 397 in a list of fastest selling suburbs, Charlestown is in the TOP 40% of suburbs in Australia with an average of days on market 40.92 for properties listed there.
Charlestown is 483th on a list of best yielding suburbs for rents in NSW with a 3.70% return
Charlestown is an average performer in NSW when comparing median price capital growth over the last year. Charlestown gave property investors a good capital gain figure when compared to the rest of the state, with 10.39%.
Charlestown,2290 was ranked 363 in Australia by increase in median property value over the quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Charlestown itself are offering an average vendor discount of -4.52% to real estate investors.