Suburb Profile Report for Campbell ACT (2612)

Campbell House: Median price $1,210,000, Annual capital growth 5.86%, Number of sales 41, Weekly median advertised rent $750

Campbell Unit: Median price $425,000, Annual capital growth 18.49%, Number of sales 30, Weekly median advertised rent $303

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Campbell, 2612 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.00%

The five-year average increase in median property values for Campbell,2612 has given property investors a potential capital gain of 34.37% across each of those five years.

At number 25th of ACT’s most discounted properties, Campbell is in the middle of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $750 weekly from the median priced house in this suburb.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Campbell has fallen somewhat when compared to the 5 year average annual rate.

Using the current median advertised rental of $302.5 and the average annual increase in value of a median property of 18.49%, investors should hope to achieve an overall return of 3.70%

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Campbell is a centralised suburb, 2km south-east of the Canberra CBD, on the way to Canberra Airport. It is well located for residents working either in Canberra’s inner-south or inner-north and is more affordable than other inner suburbs in the area.Full summary

 

Campbell is a centralised suburb, located 2km south-east of the Canberra CBD, on the way to Canberra Airport. It is well located for residents working either in Canberra’s inner-south or inner-north and is more affordable than other inner suburbs in the area.

A new ASIO building and a strong Defence Force presence in the area are driving prices upwards, along with a boutique shopping centre that is heavily patronised, quality restaurants, cafes and a view in some areas that extends right back over Canberra city and on to the Brindabella Ranges at the foot of the Snowy Mountains. Campbell is also next to the Mt Ainslie nature reserve and Lake Burley-Griffin on the other side.

Agents agree that the biggest driver is the location. Buyers are purchasing blocks, knocking down houses and building better homes on the property.

Greg Hedger from Luton properties says he sold a house to a couple for $780,000 in 2009 and at the time they were concerned they were gambling with a lot of money.

“They put a cracker house on the block,” says Hedger “and I know a nearby property just recently sold for $1.1 million. Now they’re very happy.”

Hedger believes the suburb will continue to grow in price, despite there being a current over-supply of houses on the market.

“It’s in transition. A lot of older people are moving out for a sea change or to retirement homes and upwardly mobile young couples are moving in.”

Streets such as Holmes Crescent and Cobby Street are steep and perfect for views. Other good streets are Gellibrand, Vasey and Blamey.

“You won’t find a bargain in Campbell,” says Kaylene King from LJ Hooker, who believes a house for the median price is a good deal. “A stand-alone hasn’t sold for under $700,000 in a while.”

 

Close
Metrics i HOUSE UNIT
$1,210,000 $425,000
4.76% -21.66%
10.00% N/A
5.86% 18.49%
$750 $303
41 30
3.22% 3.70%
82.07 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Campbell ACT
Demographics
Total population 4928
Median household income ($/weekly) 2416
Median age of persons 27
Median housing loan repayment ($/monthly) 2383
Average household size 2.5
  • Census Count Percent(%)
    15-19 years 622 12.6
    20-24 years 1070 21.7
    25-34 years 698 14.2
    35-44 years 527 10.7
    45-54 years 505 10.2
    Others 1506 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 1261 49.5
    Not Married 1060 41.7
    Defacto Relationship 224 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3751 80.0
    Croatia 39 0.8
    Papua New Guinea 80 1.7
    United Kingdom 219 4.7
    Other 193 4.1
    Others 409 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 74 1.7
    Christianity 2707 60.7
    Hinduism 33 0.7
    Islam 39 0.9
    No Religion 1571 35.2
    Others 38 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 93 8.0
    $1,500-$1,999 125 10.8
    $2,500-$2,999 180 15.6
    $3,000-$3,499 102 8.8
    $4,000 or more 204 17.6
    Others 452 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2317 56.1
    Not in the labour force 960 23.3
    Employed, worked part-time 603 14.6
    Employed, away from work 162 3.9
    Unemployed, looking for work 85 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1401 45.4
    Professionals 795 25.8
    Community & personal service workers 246 8.0
    Clerical & administrative workers 342 11.1
    Sales 89 2.9
    Others 211 6.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 256 12.2
    Secondary 190 9.1
    Technical or Further Educational Institution 88 4.2
    University or other Tertiary Institutions 1257 60.1
    Other type of educational institution 258 12.3
    Others 44 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2563 81.4
    Flat, unit or apartment 301 9.6
    Semi-detached, row or terrace house, townhouse 286 9.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 482 37.3
    Fully owned 463 35.9
    Being purchased 336 26.0
    Other tenure type 10 0.8
    Tenure Type
Census 2011, ABS
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