Suburb Profile Report for Charters Towers City QLD (4820)

Charters Towers City House: Median price $100,000, Annual capital growth -5.63%, Number of sales 24, Weekly median advertised rent $240

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

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

  • Expert Report
  • House Report

At number 455th in the list of Australian suburbs ordered by increase in median house value over the last year, Charters Towers City, 4820 is in the top 20% with a property value increase of 14.29% recorded in median house prices.

A -33.33% growth in median value for property investors in Charters Towers City,4820 puts this suburb at number 907th in terms of best performing suburbs in QLD

Sellers are offering property buyers an average discount of -13.38% to buyers in Charters Towers City at the moment, which is less than average for the rest of QLD.

A $240 per week rent on the median house gives suburb investors a gross yield of circa 12.48%, without taking into account capital value appreciation, which has been averaging out at -5.63%.

Information supplied by:


April 2019

M
O

W
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High yields with low value

Postcode: 4820

Median unit price: $110,000

Three-year growth: -26.7%

Rental yield: 11.8%

Once a gold-rush site in the 1870s, Charters Towers City has developed into one of the most stunning inland cities in the Sunshine State.

 While the house market offers a sky-high average rental return of 11.8%, the suburb has a struggling record when it comes to growth, with values falling consistently since 2014.

The suburb was the site of one of the first regional stock exchanges in the country, and it is rich in striking architecture that calls back to its history. Such buildings line Mosman Street and Gill Street, and some have been repurposed for new commercial use. For instance, the World Theatre was originally the Australian Bank of Commerce – today, it contains a cinema, theatre and gift shop. There are also several museums in the area, including a mining and historical museum.

Metrics i HOUSE UNIT
$100,000 N/A
-20.00% N/A
14.29% N/A
-5.63% N/A
$240 N/A
24 N/A
12.48% N/A
169.909090909091 N/A

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

DSR Score for property investment : Below average (H), Below average (U)
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