At number 4125th in the list of Australian suburbs ordered by increase in median house value over the last year, Kirkwood, 4680 is in the BOTTOM 10% with a property value increase of -22.62% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kirkwood has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Kirkwood are currently offering property investors an average price cut of -12.37% below the asking price at the moment.
Often selling an investment property can take time, and in Kirkwood the average time real estate has been on the market is 102.7 days.
With the median price for a house in Kirkwood being $325000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 4.16%