Powered by MOMENTUM MEDIA
AREA REPORTS

Charnwood

Suburb Profile

Charnwood - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2615

house

Property investors have seen a 1.5% gain in CHARNWOOD based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on CHARNWOOD, 2615 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 12.78%.

Based on its average 5-year and quarterly capital gains CHARNWOOD, 2615 saw average growth in the long term.

The ACT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $507,500

Profits averaged 3.44% per annum over a 3-year period, due to an upward trend in home prices in CHARNWOOD, 2615.

This means, real estate investors could earn a rental income of $485 based on current median home prices for the suburb.

The gross rental yield in CHARNWOOD, 2615 is 4.97%.

An average of 3.92 real estate transactions take place per month in CHARNWOOD which translates to 47 per annum.

Surburb overview

Charnwood is a suburb in the district of Belconnen in Canberra, ACT. The suburb was gazetted in 1971 and was named after the Charnwood forest in England. Charnwood rests at the site of a former homestead owned by Henry Hall, a pioneer of Canberra and the first landowner in Ginninderra. The suburb’s theme was inspired by NSW pioneers who held positions in private and public offices in the state or were respected members of their community.

Charnwood back then was a heavily rural vicinity. Hall bred herds of sheep, cattle, cow, goats, donkeys, hounds and horses at Charnwood numbering between 3,000 and 4,000. He also raised a wide array of trees and vegetables on his property.

Property-buying frenzy

Real estate buyers are flocking to Charnwood because of its affordable properties, family-friendly atmosphere and culturally diverse community. Property buyers also prefer Charnwood due to its proximity to their workplace.

Homes in Charnwood are predominantly properties on larger blocks whose prices are within the reach of first home buyers. The average house sale price in Charnwood is around $400,000, and some cost even lower than this benchmark. In terms of growth rate, the median home price in the suburb is up by over 10 per cent in the past five years.

Charnwood’s streetscapes

Charnwood was modelled after the Radburn design, where the front yards of homes face that of their neighbours and the backyards face the streets. In terms of amenities, Charnwood has a shopping corridor where residents can buy their necessities. The centre houses a fast food joint, the office of the Canberra Labor Club, a Shell filling station and a Woolworths.

Charnwood is a safe neighbourhood serviced by the Minister for Police and Emergency Services. The suburb is also home to a number of primary schools. Charnwood’s infrastructure is seeing some improvements with a roundabout added to the intersection located at Lhotsky Street and Charnwood Place.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $507,500 N/A
GROWTH REPORT
Median Quarterly 1.5% N/A
Median 12 month 12.78% N/A
Median 3 years 10.33% N/A
Median 5 years 20.83% N/A
10 years average annual 2.96% N/A
Weekly media advert. rent $485 N/A
Time on Market 48.4 days N/A
Gross Rental Yield Percent 4.97% N/A
demographics (median values)
Total Population
3016
Weekly Household Income
1048
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Sydney house prices swell

Slightly ‘disappointing’ auction results, but Sydney house prices swell

The latest auction figures are showing a booming market, with buyers looking to make the most of the ultra-cheap money, but while their inte...

Australian home values rise

Australian home values rise at fastest rate in 17 years

Overall, Australian home values surged 2.1 per cent higher in February, the largest month-on-month change in CoreLogic’s national home va...

New stock on market in March

New stock on market in March, expert predicts

With the mismatch between supply and demand pushing prices higher, an expert believes new listing numbers could see a more substantial lift ...

Extreme disparity in Aussie rental markets revealed

Extreme disparity in Aussie rental markets revealed

The disparity in rental markets across Australia has been extreme, with overly tight rental conditions in Perth and Darwin contrasting the p...

Mortgage stress reaches 3-year low

Mortgage stress reaches 3-year low

Despite mortgage-holders experiencing record levels of comfort, red flags are emerging with financial stress tipped to rise, new research ha...

commercial property market

How to win in today’s commercial property market

Despite the disruption caused by COVID-19, Australia’s commercial property market remained resilient, offering unique opportunities to sma...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.