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Charters Towers City, QLD 4820

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Charters Towers City, QLD 4820 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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No Rent Data
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Charters Towers City, QLD 4820”

  1. The total adult population (15 years or older) of Charters Towers City 4820 QLD is 1,791, with a median age of 41. Of those, 37.30% are married, 16.14% are divorced or separated, 40.37% are single and 6.53% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,028. The median monthly mortgage repayment for households in this suburb is $1,009 which is 16.74% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in QLD, the suburb of Charters Towers City (4820) consists of approximately 1455 households. As we venture into the third quarter of 2023, the average prices of houses within the region have been determined to be $241389. This aligns with a median weekly rent of $278, generating a promising indicative yield of 5.99%.

    It’s important for potential investors to acknowledge that this suburb holds an IRSAD score of 858 out of a possible 1217. This signifies a positive socio-economic environment and suggests that the residents have a good command over economic resources; this can somewhat be attributed to the higher income levels and the high proportion of occupants in skilled professions.

    Charters Towers City has a renter to owner ratio of 41%. Though this may present some risk for property investors due to competition, the zero percentage in the units to houses ratio suggests that houses dominate the market landscape, providing a certain degree of price stability and longevity of tenancies. Moreover, with an affordability index of just 16 years for houses, the region proves to be an attractive option for potential homeowners.

    The stock on market percentage for houses in Charters Towers City is recorded as 0.78%, suggesting a neutral supply within this market. At the same time, the supply remains fairly balanced given the 3.3 months’ worth of inventory. A building approvals Ratio of 0% implies no considerable influx of new dwellings entering the property market, further maintaining supply-demand balance.

    Meanwhile, the average time properties stay listed on the market (Days on Market) is 215 days. This statistic needs further analysis as this longer duration might hint at lower demand for properties within the region. However, the extremely low vacancy rate of 0.33% contradicts this, demonstrating high occupancy and suggesting a robust demand for properties. Lastly, the buy search index value of 4 for houses signifies that online searches for buying properties in the locale are in line with the state average.

    As an investor looking towards Charters Towers City, it’s always essential to have an in-depth understanding of the varied real estate metrics. Even though few parameters skew a bit unfavourably, the overall picture does present a series of opportunities for both end-users and investors alike. As such, consistently keeping an eye on trends and market developments within this suburb is the key to making promising real estate investment decisions.

    For individuals utilising data insights extensively, tools such as the Relative Composite Score (RCS) developed by HtAG Analytics can provide comprehensive data analysis with over 80 metrics. This can aid in assessing the affordability, supply, and demand within Charters Towers City and countless other potential real estate investment locations across Australia.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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