If you compare the increase in value of investment property in Calliope, 4680 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -20.88%.
Calliope,4680 has offered an average of -20.88% return per annum in house price rises to property investors over the last three years.
Calliope4680 is located in QLD which offers an average discount of -6.86% to property investors. Calliope itself is showing figures that indicate -11.96% is the average achievable by property buyers investing in the suburb.
In the last year 38 properties changed hands in Calliope, which puts it as the 530th most active market in QLD when comparing the number of sales per suburb.
Calliope, 4680’s gross rental yield is 3.87%
Calliope’s property market is benefiting from the shortage of accommodation in nearby liquefied natural gas (LNG) hub Gladstone.Full summary
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Calliope’s property market is benefiting from the shortage of accommodation in nearby liquefied natural gas (LNG) hub Gladstone.
Located around 20km south-west of one of the nation’s most talked about hotspots, Calliope hasn’t received the kind of media attention that Gladstone has, but certainly warrants closer inspection, says Raine & Horne Calliope/Tannum Sands sales consultant Liana Wynne.
"Currently, some properties are selling a day after hitting the market,” she says. "Four bedroom homes are the most highly sought after, and when it comes to new developments, properties are selling as soon as a slab is laid."
She adds that, given the massive influx of employees that are heading to the region to work on its LNG projects, she doesn't expect the demand for property to drop off anytime soon.
Rental properties too are being snapped up by tenants as soon as they become available: "The minimum rental now offered by our office is $450 per week for a three bedroom home, while it can cost up to $600 per week to rent a four bedroom home,” says Wynne.
"People are looking for homes wherever they can find them, and in some cases tenants are even pooling their money to pay rents up to $1,000 a week."