Charlestown

POSTAL CODE: NSW, 2290

HOUSE

UNIT

Property investors enjoyed capital gains of 9.07% 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 7.32% growth over a ten-year period. It ranks 1705th on our list of suburbs that property investors should look into.

CHARLESTOWN, 2290 has a capital gain of 9.07% for the past year, which is lower than average compared to its 50.38% growth within a five-year period.

With the median home price in CHARLESTOWN sitting at $992,500, and the average rent at $695, property owners could potentially earn a 3.64% 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.

Based on its average 5-year and quarterly capital gains CHARLESTOWN, 2290 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.77% growth over a ten-year period. It ranks 556th on our list of suburbs that property investors should look into.

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

CHARLESTOWN, 2290 has a capital gain of 8.42% for the past year, which is lower than average compared to its 51.09% growth within a five-year period.

With the median home price in CHARLESTOWN sitting at $695,000, and the average rent at $590, property owners could potentially earn a 4.41% 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$992,500	$695,000
Growth Report
Median Quarterly	3.39%	3.19%
Median 12 month	9.07%	8.42%
Median 3 years	9.85%	8.59%
Median 5 years	50.38%	51.09%
10 years average annual	7.32%	6.77%
Weekly media advert. rent	$695	$590
Time on Market	41.2 days	55.9 days
Gross Rental Yield Percent	3.64%	4.41%

Demographics (Median Values)*

Total Population 33426

Weekly Household Income 1376

Household Size 2.50

Average 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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