Charlestown

Charlestown is a suburb with a growing population, particularly in the age groups of 20-24 and 45-64 years. There is a good mix of occupations, with professionals and managers forming a significant portion. The suburb has a moderate commute time and a notable percentage of residents work from home. For houses in Charlestown, the high market absorption rate suggests strong demand, potentially leading to price appreciation. The suburb also has a notable room demand-supply ratio. As for units, the lower vacancy rate indicates a stable rental market, while the rental yield is relatively attractive. Both houses and units show positive median growth trends. Charlestown offers a convenient lifestyle with amenities and services catering to various demographics. It presents opportunities for property investors, especially with the potential for capital growth in houses and stable rental returns in units. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022