Charlestown Property Market & Buyers Agents 2026

The Charlestown property market is a picture of robust and sustained growth, positioning it as a standout performer in the Newcastle region. In recent times, the market has been characterized by strong capital appreciation, with house values experiencing a significant 11.0% increase over the past twelve months. This trajectory is not a recent phenomenon; over the last five years, houses have seen a remarkable 58.32% increase in median value, underscoring the suburb's long-term investment appeal. The median house price currently sits around $1.11 million, a figure that reflects strong and persistent buyer demand. Several factors are driving this market dynamism. Supply remains tight, with a low number of properties typically available for sale. The average days on market for houses is a swift 17 days, indicating that well-priced properties are being quickly acquired by active buyers. This low inventory, coupled with a long average hold period of over 13 years, means that established housing stock turns over infrequently, further intensifying competition among purchasers. Demand is fueled by Charlestown's strong economic fundamentals and desirable lifestyle attributes. The suburb has a solid base of professional households, with a median household income that has grown faster than the state average. This economic strength supports housing affordability and the capacity to service mortgages, even at higher price points. The primary demographic drivers are families and young professionals, attracted by the suburb's extensive amenities, quality schools, and strategic location just 10 kilometres from Newcastle's CBD. The unit market, while more moderate, is also healthy. Median unit values are approximately $741,000, having seen a 5-year growth of 48.41%. Units offer a more accessible entry point into the suburb and appeal to investors with a higher gross rental yield of around 4.5% compared to houses at 3.7%. While capital growth for units has been slower than for houses, the strong rental returns make them a compelling proposition for income-focused investors. Looking forward, the supply pipeline appears measured. While there are building approvals for new dwellings, they represent a modest increase relative to the existing housing stock, suggesting that demand is likely to continue outpacing supply in the short to medium term. This dynamic, combined with ongoing infrastructure and the suburb's central role as a commercial hub, points towards continued market resilience and potential for further capital growth.

Charlestown is a major suburb in the City of Lake Macquarie, located about 10 kilometres southwest of Newcastle's CBD. It serves as a vital commercial heart for the region, primarily due to Charlestown Square, one of the largest shopping centres in the Hunter, which offers a vast selection of retail stores, dining options, and a cinema. The suburb provides a comprehensive range of educational facilities. Families have access to several primary schools, including Charlestown Public School, Charlestown South Public School, Charlestown East Public School, and the Catholic St Joseph's Primary School. For secondary education, students typically attend nearby schools such as Whitebridge High School or St Mary's Catholic College in Gateshead. Transport and connectivity are excellent. Charlestown is situated on the Pacific Highway, providing seamless road access for commuters. An extensive network of bus services connects the suburb to Newcastle, Belmont, Swansea, and other surrounding areas, with a major bus interchange located at Charlestown Square. Recreation and lifestyle are well-catered for, with approximately 39 parks covering a significant portion of the suburb. Popular spots include Charlestown Oval for sports and community events. For nature lovers, the Glenrock State Conservation Area is nearby, offering extensive bushwalking and mountain biking trails, picnic spots, and stunning coastal scenery. The beautiful Dudley Beach is also just a short drive away, providing a perfect spot for swimming and relaxation. This blend of urban amenity and natural accessibility makes Charlestown a highly sought-after place to live.