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Charlestown
AREA REPORTS

Charlestown

Charlestown - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2290

house
unit

Property investors enjoyed capital gains of 12% over the last 12 months in CHARLESTOWN, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6% growth over a ten-year period. It ranks 1493rd on our list of suburbs that property investors should look into.

CHARLESTOWN, 2290 has a capital gain of 12% for the past year, which is higher than average compared to its 33.33% growth within a five-year period.

With the median home price in CHARLESTOWN sitting at $700,000, and the average rent at $475, property owners could potentially earn a 3.53% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CHARLESTOWN are low, as opposed to average gains per annum over the past five years.

CHARLESTOWN, 2290 in NSW belongs to the local government area of Lake Macquarie (C).

Data report can be found below

Charlestown
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 $470,000
GROWTH REPORT
Median Quarterly 2.94% 2.17%
Median 12 month 12% 6.82%
Median 3 years 12% -4.08%
Median 5 years 33.33% 23.68%
10 years average annual 6% 4.14%
Weekly media advert. rent $475 $410
Time on Market 33.7 days 61.1 days
Gross Rental Yield Percent 3.53% 4.54%
demographics (median values)*
Total Population
33426
Weekly Household Income
1376
Household Size
2.50
Age
40
Monthly Loan Repayment
1800
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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