Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $700,000.
The upward trend in home prices in KALEEN, 2617 averaged 8.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $492.5 mark, reflecting a 3.66% increase in returns based on the current median price in KALEEN.
An average of 6.33 real estate transactions take place per month in KALEEN which translates to 76 per annum.
76 properties were sold in KALEEN in 2016, making it the 5th most active market in ACT based on total real estate transactions.
KALEEN, 2617 places 30th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $432,500.
Average median unit prices in ACT have risen as a whole, pulling KALEEN, 2617 values up and netting property investors a capital gain of 0.06% for the past year.
Investors saw the median home price rise to $432,500.
The downward trend in home prices in KALEEN, 2617 averaged -3.27% per annum over a 3-year period.
KALEEN now ranks at the 25th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in KALEEN are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In KALEEN, homes and units usually stay on listing for an average of 86.3 days.
16 properties were sold in KALEEN in 2016, making it the 58th most active market in ACT based on total real estate transactions.
When an industry person not from WA...
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