Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
The suburb’s capital gain of -3.19% for the past year is lower than average compared to its 10.96% growth within a five-year period.
Also in CALAMVALE, the median home price is sitting at $638,000, and the average rent at $465, this suggests property owners could potentially earn a 3.79% increase in gross rental yield.
Property investors have seen a -1.16% drop in CALAMVALE 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 2.63% growth over a ten-year period. It ranks 2587th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $638,000 | $338,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.16% | 1.65% |
| Median 12 month | -3.19% | -0.72% |
| Median 3 years | -1.85% | -12.89% |
| Median 5 years | 10.96% | -12.21% |
| 10 years average annual | 2.63% | -0.4% |
| Weekly media advert. rent | $465 | $400 |
| Time on Market | 67.4 days | 83.7 days |
| Gross Rental Yield Percent | 3.79% | 6.15% |
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