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Calwell

POSTAL CODE: ACT, 2905
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CALWELL ranks 96th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 8.65% for the past year is higher than average compared to its 40.32% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in CALWELL, the median home price is sitting at $863,750, and the average rent at $660, this suggests property owners could potentially earn a 3.97% increase in gross rental yield.

Property investors have seen a 3.44% 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 6.13% growth over a ten-year period. It ranks 2604th on our list of suburbs that property investors should look into.

Surburb overview

Calwell is a suburb in Tuggeranong, bounded by Johnson Drive, Tharwa Drive, and Drakeford Drive. Gazetted in 1975, the suburb was named after Arthur Calwell, a Parliament member who was a leader of the opposition during the 1960s. The suburb’s street names were in honour of Australian politicians. The postcode of Calwell is 2905.

Streetscape

One may easily think that Calwell is a countryside destination by the looks of the homes in the suburb. Some estates feature brick bungalows with an intricately carved veranda, while larger properties set on elevated localities evoke the feel of a vacation property.

The suburb could very well be country for some – situated at the foot of the Tuggeranong Hill Nature Reserve, mountain ranges loom constantly in the horizons from any point. Residents also adore the well-maintained front lawns and gardens of different estates, as well as the wide roads.

Amenities

Home buyers are drawn to Calwell for its good-natured community and key facilities, such as local schools, churches, an early childcare centre, and healthcare providers. Sporting venues abound in the suburb, including several playgrounds and playing fields, and an aquatic centre. There’s also no dearth of retail shops in Calwell, which include a supermarket, a butcher, a bakery, and cafe. As for Calwell accommodations, most of the spaces for short- or long-term rent are rooms in picture-perfect mansions or large properties, or guesthouses.

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