Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
The suburb’s capital gain of 2.78% for the past year is lower than average compared to its 17.32% growth within a five-year period.
Also in CALWELL, the median home price is sitting at $591,000, and the average rent at $505, this suggests property owners could potentially earn a 4.44% increase in gross rental yield.
Property investors have seen a 1.9% gain in CALWELL based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.6% growth over a ten-year period. It ranks 2686th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $591,000 | $401,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.9% | -0.37% |
| Median 12 month | 2.78% | -2.07% |
| Median 3 years | 10.36% | 13.9% |
| Median 5 years | 17.32% | 14.71% |
| 10 years average annual | 2.6% | 0.46% |
| Weekly media advert. rent | $505 | $455 |
| Time on Market | 48.4 days | 40.7 days |
| Gross Rental Yield Percent | 4.44% | 5.89% |
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