This four-bedroom Charlemont home built in 2018 sold recently for $465,000, which sits close to the current median house price for the area.

Town by Town Snapshot: Charlemont

April 30, 2020 BY

THE size of Charlemont is about 10.5 square kilometres with the population recorded at 1,798 in 2011. By the 2016 Census, the population was 364, showing a population decline of 80 per cent in the area during that time (this anomaly 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 pastoral and rural living area to more intensive urban living area housing more than 1,000 residents with its southern border at Boundary Road.
There have been 661 land sales recorded in the suburb of Charlemont since 2016.
Popular residential estate Charlemont Rise is the most significant development in this emerging suburb with another leading development, Ashbury Estate, starting at Charlemont’s southern boundary.
CoreLogic data indicates that the predominant age group in Charlemont is 42-52 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. 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.

Population: 1,120

Male: 48.8%

Female: 51.2%

Median age: 45

5 year population change: 178%

Median house price: $473,000

Change in Median Price: (5yrs) is 27%

Median asking rent per week: $410

Average length of ownership: 3 years

Owner occupiers: 80%

Renters: 20%

 

Historic median house price:

January 2020: $473,000

January 2019: $455,000

January 2018: $435,000

January 2017: $390,500

January 2016: $374,000

 

House sales per annum:

Period ending January 2020: 27

Period ending January 2019: 13

 

Land median sale price:

January 2020: $255,000

January 2019: $232,000

 

Land sales per annum:

Period ending January 2020: 25

Period ending January 2019: 90