Investment property in Calwell has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.94%
If we look at median property appreciation over just the last three months, Calwell has given property investors a paper return of 3.06%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in ACT
Our latest figures would indicate that property sellers in Calwell are currently offering property investors an average price cut of -3.38% below the asking price at the moment.
Advertised rents are around the $460 mark per week – giving a return of 4.74% based on the median price in Suburb
Over the last year, property investments in Calwell, 2905 have given investors a capital gain of -3.60%. This compares badly with the -1.57% for ACT as a whole.
While Calwell,2905 ranked number 30th in ACT for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Calwell is offering property investors an average of -3.94. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in ACT
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Advertised rents are around the $382.5 mark per week – giving a return of 5.50% based on the median price in Suburb