Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Property investors have seen a 0% gain in CHARNWOOD based on an increase in median home prices for the past three months.
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 $460,000
Profits averaged 3.61% 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 $460 based on current median home prices for the suburb.
The gross rental yield in CHARNWOOD, 2615 is 5.2%.
An average of 4.17 real estate transactions take place per month in CHARNWOOD which translates to 50 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $460,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -1.08% | N/A |
| Median 3 years | 10.84% | N/A |
| Median 5 years | 21.05% | N/A |
| 10 years average annual | 3.35% | N/A |
| Weekly media advert. rent | $460 | N/A |
| Time on Market | 47.2 days | N/A |
| Gross Rental Yield Percent | 5.2% | N/A |
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