Campbell, 2612 ranked 23th 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 36th in ACT for increase in median house value (annualised) increase, it is ranked 11th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Campbell, 2612. Typically our figures indicate that -2.59% is being offered, which puts this ACT suburb at 3609th most discounted overall in Australia.
Campbell, 2612’s gross rental yield is 3.35%
At number 31th in the list of Australian suburbs ordered by increase in median house value over the last year, Campbell, 2612 is in the top 10% with a property value increase of 34.80% recorded in median house prices.
Campbell,2612 has offered an average of 34.80% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
Campbell is 74th on a list of best yielding suburbs for rents in ACT with a 2.18% return
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.”