Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
KALLISTA, 3791 ranks 95th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 29.38% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $724,500.
The upward trend in home prices in KALLISTA, 3791 averaged 13.11% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in KALLISTA.
An average of 2 real estate transactions take place per month in KALLISTA which translates to 24 per annum.
24 properties were sold in KALLISTA in 2016, making it the 395th most active market in VIC based on total real estate transactions.
KALLISTA, 3791 places 96th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $724,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5% | N/A |
| Median 12 month | 29.38% | N/A |
| Median 3 years | 39.33% | N/A |
| Median 5 years | 76.06% | N/A |
| 10 years average annual | 8.07% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 49.8 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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