The suburb’s capital gain of 10% for the past year is higher than average compared to its 5.26% growth within a five-year period.
Also in CALWELL, the median home price is sitting at $550,000, and the average rent at $490, this suggests property owners could potentially earn a 4.63% increase in gross rental yield.
Property investors have seen a 0.92% 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 2.79% growth over a ten-year period. It ranks 2707th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10%||2.28%|
|Median 3 years||15.42%||-0.67%|
|Median 5 years||5.26%||-2.64%|
|10 years average annual||2.79%||1.89%|
|Weekly media advert. rent||$490||$405|
|Time on Market||51.9 days||41.0 days|
|Gross Rental Yield Percent||4.63%||5.7%|