Calwell

Calwell, ACT 2905, is a suburb with a diverse population mix, with a significant proportion of residents in the age groups of 5 to 19 years and 45 to 64 years. The suburb offers a median weekly rent slightly below the regional average, making it an attractive option for families and individuals looking for affordable housing. With a range of occupations represented, including managers, professionals, and technicians/tradeworkers, Calwell provides a balanced community lifestyle. For house investors, Calwell presents an opportunity in the renovation space, indicated by the high Sale Price IQR Ratio. The market appears stable with a low vacancy rate and moderate growth rates. With a room demand-supply ratio of 100%, investing in adding rooms for rent could be a lucrative prospect. Unit investors might find a niche market with a decent rental yield and room for growth based on the positive median growth rates. Calwell, ACT 2905, is a suburb offering a balanced lifestyle for its residents, with good prospects for both house and unit investors. The suburb's demographic diversity, along with stable property market indicators, makes it an intriguing opportunity for property buyers and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022