Suburb Profile Report for Charlestown NSW (2290)

Charlestown House: Median price $600,000, Annual capital growth 5.52%, Number of sales 167, Weekly median advertised rent $450

Charlestown Unit: Median price $420,000, Annual capital growth 4.20%, Number of sales 58, Weekly median advertised rent $379

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Charlestown has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.00%

Over the longer term, Charlestown has seen property prices show investors a 13.53% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Charlestown should be aiming for at least -7.98% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Charlestown the average time real estate has been on the market is 60.848 days.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Property value increases in Charlestown have tracked close to the NSW average of -4.02% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Charlestown has increased when compared to the 5 year average annual rate.

Charlestown, 2290 is offering NSW ‘s 93th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

The NSW suburb of Charlestown, 2290 is in the Lake Macquarie (C) local government area.

Metrics i HOUSE UNIT
$600,000 $420,000
-2.44% -3.67%
-4.00% -7.08%
5.52% 4.20%
$450 $379
167 58
3.90% 4.69%
60.848 88.54

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. 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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