Charlestown is a well-established suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 13,601, the suburb has an established demographic with a median age of 38. Households earn a median income of $96K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Charlestown is $1.2 million, having surged 15.2% over the past year. Units have a median price of $730,000 (+5% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,000.
Charlestown is served by 5 schools, including 5 primary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 110 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Charlestown offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved +15.2% year-on-year.
Charlestown is a well-established suburb in New South Wales within the Lake Macquarie local government area (postcode 2290). With a population of 13,601, the suburb has an established demographic with a median age of 38. Households earn a median income of $96K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Charlestown is $1.2 million, having surged 15.2% over the past year. Units have a median price of $730,000 (+5% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,000.
Charlestown is served by 5 schools, including 5 primary. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 110 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Charlestown offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved +15.2% year-on-year.