Investment property in Kalimna has done 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 -13.33%
Taking the average capital gain, or increase in median house value, Kalimna,3909 has racked up an average of -13.33% over the period. This ranks it number 2849th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Kalimna itself are offering an average vendor discount of -4.80% to real estate investors.
In the last year 20 properties changed hands in Kalimna, which puts it as the 597th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 2.72%, investors should hope to achieve an overall return of 5.60%