Property value increases in Calwell have tracked just higher than the ACT average of 6.75% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Calwell has increased when compared to the 5 year average annual rate.
Property buyers and investors in Calwell 2905 should be seeing an average reduction in asking price of around -3.13% . This means that Calwell is holding prices well when compared to other suburbs in ACT.
Residents and property investors in Calwell have been waiting around 72.91 days to sell a property.
A $465 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 3.57%.
Calwell, 2905 ranked 30th in ACT when comparing growth in median property values or capital gain over the last 12 months. Calwell is one of 126 in our list for ACT
Over the longer term, Calwell has seen property prices show investors a 1.67% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Calwell should be aiming for at least -3.95% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.