Town by town snapshot: Charlemont

June 10, 2021 BY

Town Profile: Charlemont

The size of Charlemont is approximately 10.5 square kilometres. The population of Charlemont was recorded at 1,798 in 2011 and by the 2016 Census the population was 347, showing a decline of 80.7 per cent in the area during that time. (This anomaly in population data is due to boundary changes as part of the Armstrong Creek growth corridor implementation).

Like the neighbouring emerging suburbs of Armstrong Creek and Mount Duneed, Charlemont has rapidly changed from a rural lifestyle area to a more intensive urban living area housing more than 1,200 residents with its southern border at Boundary Road.

This four-bedroom Charlemont home built in 2017 sold recently for $660,000.

Significant developments in this suburb that have contributed most of the residential growth have been Charlemont Rise and Ashbury Estate.
Charlemont has everything a growing community needs at its doorstop, shopping precincts, recreation, education and rail service.

CoreLogic data indicates that the predominant age group in Charlemont is 50-59 years, with households in Charlemont being primarily couples with children and are likely to be repaying $1,400 – $1,799 per month on mortgage repayments, and in general, people in Charlemont work in a trades occupation.

In 2011, 72.5 per cent of the homes in Charlemont were owner-occupied compared with 75.8 per cent in 2016.

AGENT PERSPECTIVE:
“Charlemont is definitely starting to form its own identity as one of the sought-after suburbs in the Armstrong Creek Growth area.

“There is ample activity happening and homes are popping up everywhere, young families, downsizers, first home buyers and investors are all racing to secure a spot in this growing area.

“Its proximity to some of the most pristine beaches in Breamlea, Ocean Grove and the Surf Coast are a great drawcard.

“It has everything conveniently presented at your doorstep, two shopping centres in Warralily Village and the rapidly growing Armstrong Creek Town Centre.

“There is major development happening in the Charlemont Rise estate which will bring 1,400 new homes to the area.

“This will also provide a new shopping centre in the heart of the Charlemont Rise Estate.

“There are a number of schools to choose from ranging from prep to high school, private or public.

“The growth that Charlemont is providing for home owners and new buyers is not to be overlooked, this hidden gem is surely one not to miss.”

Quentin Walker – sales executive – Avenue Five

TIDBIT:
Just on 1,000 lots of land have been transacted in Charlemont over the past five years.

Population: 1,200
Male: 48.8%
Female: 51.2%
Median age: 46
5 year population change: 345%
House median value: $602,000
Change in median price: (5yrs) is 32%
Median asking rent per week: $410
Average length of ownership: 2 years
Owner occupiers: 80%
Renters: 20%

House median sale price:
February 2021: $498,000
February 2020: $473,000
February 2019: $464,000
February 2018: $435,000
February 2017: $390,500

House sales per annum:
Period ending February 2021: 34
Period ending February 2020: 33

Land median sale price:
February 2021: $255,000
February 2020: $225,000

Land sales per annum:
Period ending February 2021: 190
Period ending February 2020: 130

 

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