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Kalkallo

POSTAL CODE: VIC, 3064
HOUSE

Property investors have seen a -0.52% drop in KALKALLO based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains KALKALLO, 3064 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $626,750

Profits averaged -0.33% per annum over a 3-year period, due to an downward trend in home prices in KALKALLO, 3064.

This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

The gross rental yield in KALKALLO, 3064 is 4.15%.

An average of 25.17 real estate transactions take place per month in KALKALLO which translates to 302 per annum.

Surburb overview

Kalkallo, located approximately 31 kilometres north of Melbourne's Central Business District, is a suburb within the City of Hume, Victoria. As of the 2021 census, it has a population of 5,548 residents.

The suburb is experiencing rapid development, transitioning from a small township to a burgeoning residential area. The median age of residents is 30 years, with a significant proportion of families with children. The median weekly household income is $2,047, and the median monthly mortgage repayment is $2,000.

Public transportation options in Kalkallo include bus services that connect to nearby Donnybrook station. Donnybrook station is served by V/Line trains on the Seymour and Shepparton lines, providing residents access to Melbourne's city centre.

Essential amenities are developing alongside the suburb's growth. The Kallo Town Centre, which opened in late 2023, introduced a Woolworths supermarket, bakehouse, and café, enhancing local shopping options. Educational facilities include Gilgai Plains Primary School, Banum Warrik Primary School, and Hume Anglican Grammar's Kalkallo campus.

Several parks and reserves support recreational opportunities. The Kalkallo Common, a 9.8-hectare grassland reserve, and the John Laffan Memorial Reserve, featuring two ovals, provide spaces for outdoor activities.

Regarding housing, Kalkallo offers a range of options, with a median house price of approximately $610,000. Rental yields for houses are around 4.23%, with a median weekly rent of $500.

Kalkallo presents a rapidly evolving suburban environment, balancing new residential developments with emerging amenities and maintaining connections to Melbourne's urban centre.

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