What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The suburb’s capital gain of 0.88% for the past year is lower than average compared to its 23.66% growth within a five-year period.
Also in CALWELL, the median home price is sitting at $575,000, and the average rent at $497.5, this suggests property owners could potentially earn a 4.5% increase in gross rental yield.
Property investors have seen a -5.74% drop in CALWELL based on a decrease 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 3.18% growth over a ten-year period. It ranks 2391st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $575,000 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.74% | 3.14% |
| Median 12 month | 0.88% | 2.5% |
| Median 3 years | 19.17% | 13.49% |
| Median 5 years | 23.66% | 11.41% |
| 10 years average annual | 3.18% | 2.13% |
| Weekly media advert. rent | $497.5 | $430 |
| Time on Market | 73.7 days | 33.9 days |
| Gross Rental Yield Percent | 4.5% | 5.45% |
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