Investment property in Kanwal has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.84%
Taking the average capital gain, or increase in median house value, Kanwal,2259 has racked up an average of 10.84% over the period. This ranks it number 825th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Kanwal should be aiming for at least -5.31% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.58 sales per month, which equates to 91 per year.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.47%, without taking into account capital value appreciation, which has been averaging out at 5.60%.