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.