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.
Charlestown Median Sale Price Trend
Charlestown 4 bedroom houses
Charlestown 3 bedroom houses
Historical trend of median sales growth for 3 bedroom and 4 bedroom properties in Charlestown is shown in the below chart.
Charlestown Weekly Rental Income Trend
Historical trend of weekly rent for houses and units in Charlestown is shown in the chart below. Interestingly, median rental return for 3 bedroom units has overtaken 3 bedroom houses, and median rent for 2 bedroom units has overtaken 2 bedroom houses.
Rental Demand in Charlestown
Historical trend of rental demand for all units and houses in Charlestown is shown in the chart below. Interestingly, demand for 4 bedroom houses is consistently higher than all other property types, and has experienced phenomenal growth in interest in the previous few months up to Feb 2019.
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.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Newcastle real estate agent offering expert property management across Newcastle and Lake Macquarie.