Suburb Profile Report for Kambah ACT (2902)

Kambah House: Median price $550,000, Annual capital growth 3.69%, Number of sales 176, Weekly median advertised rent $485

Kambah Unit: Median price $425,000, Annual capital growth 3.73%, Number of sales 40, Weekly median advertised rent $400

  • 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 Kambah, 2902 should be relatively unhappy 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 3.77%

Over the longer term, Kambah has seen property prices show investors a 15.00% return over the last 3 years. This is worse than over the last 12 months

At number 24th of ACT’s most discounted properties, Kambah is in the bottom 40% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Kambah being $550000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 4.59%

If you compare the increase in value of investment property in Kambah, 2902 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 11.70%.

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

The most recent median price for Kambah is $425000, with sellers offering an average of -1.58% off the asking price.

On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.

Kambah, 2902’s gross rental yield is 4.89%

Mark & Francesca Flynn Information supplied by:

Mark & Francesca Flynn
Luton Properties

M 0262932323
O 0418669655 / 0432051229

W www.luton.com.au
E francesca.flynn@luton.com.au / mark.flynn@luton.com.au
The ACT suburb of Kambah is regarded as one of the best value for money suburbs in the territory.
There are a large number of houses in the area and good rental returns due to a constant flow of demand from tenants. Three and four-bedroom houses with double garages are the most sought after properties in the suburb and can be purchased for between $400,000 and $600,000.
The best amenities include a number of quality schools, a small suburban shopping centre and the large nearby Tuggeranong Hyperdome shopping centre. Kambah also has a village feel thanks to its coffee shops, restaurants and recreational facilities.Full summary

Selling points: Kambah is the largest suburb in the southern hemisphere by number of houses. The rental return is good as there is always a demand on property; Kambah being one of the “best value for money” suburbs in the ACT.

Most sought after properties: Three and four-bed houses with ensuite, two main living areas and double garages are the most sought after style of property. These can range in cost from early $400,000s to late $600,000s and higher. With the large family demand, these are great properties to list as you will always have a good response from buyers & renters.

Most common properties: Brick and tile single dwellings on large, mostly level blocks; large detached garages, 3 to 5 bedrooms, ensuite & multiple indoor & outdoor living areas.

Top amenities: High quality public schools including the new super school Namadgi School; smaller suburban shopping centres; Kambah Village Shopping Centre, which includes a Woolworths; and the Tuggeranong Hyperdome, which has all major retailers & amenities. There is also a village feel with coffee shops, restaurants and social activities.

Local industry and business: Canberra and the ACT is the hub of the country when it comes to Government-based jobs. In Tuggeranong, the Medicare building, Human Services and a number of national, state and local employers are present

Recent changes: There is continual renewal of amenities in the ACT and Tuggeranong is no exception. There have been major developments with residential blocks, Government employers and large national and international companies calling Tuggeranong home.

Best streets: All areas of the Tuggeranong Valley are good value either for owning or renting, due to the wide range of properties available and the constant demand for purchases and rentals in the area. Your budget will decide your location as much as your need to buy or rent in a familiar suburb, or near the amenities you require.

Public transport: The ACT provides great public transport throughout the territory

Main arteries: The layout of roads in the ACT is very good, with a number of routes that can be chosen to access all parts of the territory and surrounding features (Snowy Mountains, Sydney, and NSW South Coast etc.).

Close
Metrics i HOUSE UNIT
$550,000 $425,000
0.27% 6.25%
3.77% 11.70%
3.69% 3.73%
$485 $400
176 40
4.59% 4.89%
58.76 82.96

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Kambah ACT
Demographics
Total population 15447
Median household income ($/weekly) 1861
Median age of persons 37
Median housing loan repayment ($/monthly) 1993
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1929 12.5
    25-34 years 2075 13.4
    35-44 years 2138 13.8
    45-54 years 2169 14.0
    55-64 years 2470 16.0
    Others 4667 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 5796 50.1
    Not Married 4594 39.7
    Defacto Relationship 1188 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 12089 81.0
    Indonesia 137 0.9
    Papua New Guinea 193 1.3
    United Kingdom 747 5.0
    Other 563 3.8
    Others 1204 8.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 230 1.6
    Christianity 9255 64.8
    Islam 136 1.0
    Other Religious Groups 109 0.8
    No Religion 4425 31.0
    Others 118 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 734 14.3
    $2,000-$2,499 621 12.1
    $2,500-$2,999 643 12.5
    $3,000-$3,499 470 9.2
    $4,000 or more 418 8.2
    Others 2240 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5576 46.1
    Not in the labour force 3313 27.4
    Employed, worked part-time 2294 19.0
    Employed, away from work 610 5.0
    Unemployed, looking for work 305 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 1213 14.3
    Professionals 2149 25.4
    Technicians & trades workers 1008 11.9
    Community & personal service workers 807 9.5
    Clerical & administrative workers 1784 21.0
    Others 1516 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 211 5.7
    Infants/Primary 1231 33.1
    Secondary 1080 29.1
    Technical or Further Educational Institution 443 11.9
    University or other Tertiary Institutions 649 17.5
    Others 103 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13592 92.3
    Semi-detached, row or terrace house, townhouse 965 6.6
    Flat, unit or apartment 163 1.1
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 2351 42.0
    Fully owned 1924 34.4
    Rented 1302 23.3
    Other tenure type 14 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals