If you compare the increase in value of investment property in Calamvale, 4116 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.84%.
Taking the average capital gain, or increase in median house value, Calamvale,4116 has racked up an average of 1.84% over the period. This ranks it number 4024th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Calamvale is offering property investors an average of -4.90. This rate of discount on properties puts Suburb at number 191th in terms of most discounted suburbs in QLD
Advertised rents are around the $480 mark per week – giving a return of 3.76% based on the median price in Suburb
At number 1224th in the list of Australian suburbs ordered by increase in median house value over the last year, Calamvale, 4116 is in the BOTTOM 30% with a property value increase of 0.86% recorded in median house prices.
A -12.83% growth in median value for property investors in Calamvale,4116 puts this suburb at number 269th in terms of best performing suburbs in QLD
The most recent median price for Calamvale is $350000, with sellers offering an average of -3.63% off the asking price.
In the last year 145 properties changed hands in Calamvale, which puts it as the 58th most active market in QLD when comparing the number of sales per suburb.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 5.94%, without taking into account capital value appreciation, which has been averaging out at -0.50%.
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Calamvale is a big suburb and the most populated in the greater Brisbane area, yet it is also renowned for being quiet, peaceful and family-friendly.
Transport options to the city (18km away) are convenient thanks to the Logan Motorway, regular buses and the nearby train stations.
Current demand for the area is indicated by the fact that houses typically spend just 44 days on the market, which is a much quicker turnover than many suburbs nearby.
The vacancy rate is also a tight 1.51%, according to Real Estate Investar.
This demand is already translating into capital growth, as the median price of houses has grown by 6% in the past 12 months.
Three- or four-bedroom houses on Bowerbird Pl and Fig Tree St are located on cul-de-sacs which are a sought-after part of Calamvale.
They are very close to shops, schools and public transport to the city.
They can be bought there for less than $520,000.
Top amenities: Calamvale Marketplace, Stretton College, Sunnybank Hills Shopping Centre, Sunnybank Primary, Calamvale Community College, easy access to Gateway and Logan motorways, Grand Plaza Cinemas and shopping centre, Runcorn Heights Primary
Public transport: Multiple bus routes, Altandi, & Runcorn train stations.
Main arteries: Very well established car, bus and rail transport infrastructure including the existing Logan motorway, offering ready access to both the Gateway motorway and Centenary highway. Close proximity to existing rail stations at Runcorn and Altandi.