Calliope is in the bottom 10% in QLD when comparing median price capital growth over the last year. Calliope gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.93%.
Calliope,4680 has offered an average of -8.93% return per annum in house price rises to property investors over the last three years.
Calliope, 4680 is offering QLD ‘s 49th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
Using the current median advertised rental of $220 and the average annual increase in value of a median property of -2.92%, investors should hope to achieve an overall return of 4.49%
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."