Campbell, 2612 ranked 78th in ACT when comparing growth in median property values or capital gain over the last 12 months. Campbell is one of 126 in our list for ACT
While Campbell,2612 ranked number 81th in ACT for increase in median house value (annualised) increase, it is ranked 51th over the last 5 years.
Property investors looking for a bargain in Campbell should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.
The ACT suburb of Campbell, 2612 is in the Unincorporated ACT local government area.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Campbell has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
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
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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.”