Investment property in Campbell has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.64%
When looking at the potential capital gains offered to property investors over the last 3 years, Campbell comes in at number 7th in ACT.
The most recent median price for Campbell is $1162000, with sellers offering an average of -3.76% off the asking price.
Often selling an investment property can take time, and in Campbell the average time real estate has been on the market is 79.69 days.
The ACT suburb of Campbell, 2612 is in the Unincorporated ACT local government area.
ACT has seen average median house prices change by 0.21% which means that Campbell, 2612 has done well for property investors by showing a capital gain of -37.72% over the last year
Over the longer term, Campbell has seen property prices show investors a 22.35% return over the last 3 years. This is worse than over the last 12 months
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
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.”