Charlestown - Property Investment Suburb Profile (updated 29 Nov 2018)

Wondering if you should invest in Charlestown NSW? In this suburb profile we provide an overview of median sale price trends, trend in weekly rental income, and an overview of rental demand.

​Data provided is from a variety of sources, including CoreLogic RP Data, the Australian Bureau of Statistics, and RealEstate.com.au. This information is intended as a guide and not financial advice. Please discuss your individual investment goals and circumstances with your accountant and/or financial advisor before taking any action. ​

Charlestown - Location Overview

​Charlestown is a suburb of the City of Lake Macquarie in New South Wales and is the largest town within the city. It is the largest business centre in Lake Macquarie and lies approximately 10 kilometres from Newcastle CBD. 

Central to the suburb is Charlestown Square, the area's largest shopping centre, featuring restaurants, cafes, cinemas, bowling and first class retail stores. The suburb also serves as the district's transport hub, with many bus connections servicing the Newcastle and Lake Macquarie areas via Charlestown. 

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Charlestown Median Sale Price Trend

Charlestown 4 bedroom houses 

• As at 29 Nov 2018, the median sales price for 4 bedroom houses in Charlestown in the last year was $700,000 based on 50 home sales
• Compared to the same period five years ago, the median house sales price for 4 bedroom houses increased 30.2%
  
• This equates to a compound annual growth rate of 5.4%.

Charlestown 3 bedroom houses 

• As at 29 Nov 2018, the median sales price for 3 bedroom houses in Charlestown in the last year was $598,000 based on 102 home sales
• Compared to the same period five years ago, the median house sales price for 3 bedroom houses increased 45.0%
  
• This equates to a compound annual growth rate of 7.7%.

Historical trend of median sales growth for 3 bedroom and 4 bedroom properties in Charlestown is shown in the below chart. 

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​Charlestown Weekly Rental Income Trend

• ​The median weekly rent for a 4 bedroom home in Charlestown is $585pw as at 29 Nov 2018 
• This is based on 41 property listings in the preceding 12 months
• The median weekly rent for a 3 bedroom home is $430pw as at 29 Nov 2018, based on 130 property listings in the preceding 12 months

​Historical trend of weekly rent for 4 bedroom and 3 bedroom homes is shown in the chart below.

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Rental Demand in Charlestown

• ​There have been an average 1,124 visits per listing per month of 4 bedroom rental homes in Charlestown (based on realestate.com.au data), which is evidence of high demand
• There have been an average of 894 visits per 3 bedroom rental home over this same period
• This is based on average data for the 12 months preceding 29 Nov 2018

Historical trend of rental demand for 4 bedroom and 3 bedroom homes is shown in the chart below. Interestingly, around March 2018, interest in 3 bedroom homes in Charlestown overtook interest in 4 bedroom homes, however this trend was reversed in July. Since July, interest in 4 bedroom rental houses in Charlestown has surpassed interest in 3 bedroom houses. 

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Investment Property Management in Charlestown

​We are highly experienced in managing investment properties in Charlestown, as well as neighbouring suburbs including Dudley, Kahibah, and Warners Bay. If you have any questions regarding rental property management and our experience in the Charlestown rental market, or you would like a no-obligation rental appraisal of a property in Charlestown, contact us at any time. 

Let's talk about Charlestown