Town snapshot – Charlemont

The size of Charlemont is about 10.5sqkm with the population of Charlemont recorded at 347 in 2016 and by the 2021 Census the population had swelled to 10,300, showing a population increase of 3,000 per cent in the area during that time.

This anomaly in population data from 2016 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 more intensive urban living area boasting more than 3,000 homes.

Significant developments in this suburb that have contributed most of the residential growth have been Charlemont Rise and Ashbury Estate with many new estates now active in the market.

Charlemont has everything a growing community needs at its doorstep: shopping precincts, recreation, education, and rail service, with the new Charlemont Village nearing completion.

CoreLogic data indicates the predominant age group in Charlemont is 39 to 49 years with households in Charlemont being primarily couples with children and are likely to be repaying on average $1,755 per month on mortgage repayments, and in general, people in Charlemont work in a trades occupation.

AGENT PERSPECTIVE:

“Located between Geelong, Barwon Heads and the Surf Coast, Charlemont is becoming a sought-after hot spot.

“Offering the best of city and coastal living, the thriving suburb is attracting families, investors and professionals alike.

“Homes in the area offer fantastic value for money, a prime example of this is the high-end home we’re selling at 50-52 Barbra Drive which is a custom built, four-bedroom residence, finished to the highest standard.

“For those seeking affordability without compromise, there’s 15 Parkes Avenue which is a modern, four-bedroom home is under two years old, loaded with quality features, and has a generous backyard.

“Property values are on the rise, with the median house price sitting at $615,000 – a 0.85 per cent growth over the past year and a staggering 18.55 per cent increase in the past five years, which now sees a typical four-bedroom home costing around $640,000.

‘Investors will be pleased to know that rental demand is strong, with houses renting for an average of $500 per week and yielding a healthy 4.3 per cent annually.

 

“Charlemont is family-friendly community, with access to sporting facilities, playgrounds, parklands, childcare options, and the nearby Warralily and Armstrong Creek shopping centres.

“Education is covered too, with well-regarded primary and secondary schools in the area plus the Marshall Train Station ensures a smooth commute to Melbourne.

“With the new Charlemont Rise Shopping Centre opening this year and additional schools and infrastructure on the horizon, the future looks bright.

“In five or 10 years, you might just be kicking yourself for not investing sooner.”

Jake Equid – Natural Real Estate

TIDBIT:

In June 1853, the ship Earl of Charlemont struck what is now known as Charlemont Reef, about one mile south-west of Barwon Heads.

Population: 10,300

Male: 47.5%

Female: 52.5%

Median age: 31

5 year population change: 21%

House median sales price: $600,000

Change in median price: (5yrs) 21.2%

Median asking rent per week: $500

Average length of ownership: 6 years

Owner occupiers: 80%

Renters: 20%

House median value:

December 2024: $653,000

December 2023: $652,800

December 2022: $677,200

December 2021: $693,500

December 2020: $542,600

House sales per annum:

Period ending December 2024: 110

Period ending December 2023: 82

Land median sale price:

December 2024: $318,000

December 2023: $315,000

Land sales per annum:

Period ending December 2024: 62

Period ending December 2023: 44