Suburb Profile Report for Charters Towers City QLD (4820)

Charters Towers City House: Median price $103,000, Annual capital growth -6.07%, Number of sales 12, Weekly median advertised rent N/A

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

QLD has seen average median house prices change by 0.01% which means that Charters Towers City, 4820 has done well for property investors by showing a capital gain of -17.27% over the last year

Taking the average capital gain, or increase in median house value, Charters Towers City,4820 has racked up an average of -17.27% over the period. This ranks it number 3931th in the whole country for real estate investors looking at median house price increases.

The QLD suburb of Charters Towers City, 4820 is in the Charters Towers (R) local government area.

Information supplied by:


April 2019

M
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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
$103,000 N/A
21.18% N/A
-17.27% N/A
-6.07% N/A
N/A N/A
12 N/A
N/A N/A
N/A N/A

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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