Property investors who have had real estate in Kaleen, 2617 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.35%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kaleen has increased when compared to the 5 year average annual rate.
Property buyers and investors in Kaleen 2617 should be seeing an average reduction in asking price of around -2.85% . This means that Kaleen is holding prices well when compared to other suburbs in ACT.
In the last year 76 properties changed hands in Kaleen, which puts it as the 11th most active market in ACT when comparing the number of sales per suburb.
Kaleen, 2617’s gross rental yield is 3.84%
Kaleen is in the bottom 20% in ACT when comparing median price capital growth over the last year. Kaleen gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.53%.
Vendor discounting in Kaleen is giving property investors an average Vendor Discount of around -5.58%. This puts suburb at number 9th in ACT when ranking the most discounted suburbs.
In the last year 17 properties changed hands in Kaleen, which puts it as the 59th most active market in ACT when comparing the number of sales per suburb.