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 8.95%.
A 26.73% growth in median value for property investors in Kambah,2902 puts this suburb at number 32th in terms of best performing suburbs in ACT
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 Kambah, 2902. Typically our figures indicate that -2.65% is being offered, which puts this ACT suburb at 2117th most discounted overall in Australia.
Often selling an investment property can take time, and in Kambah the average time real estate has been on the market is 55 days.
Kambah is 25th on a list of best yielding suburbs for rents in ACT with a 4.35% return
Kambah, 2902 ranked 22th in ACT when comparing growth in median property values or capital gain over the last 12 months. Kambah is one of 126 in our list for ACT
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.
Advertised rents are around the $450 mark per week – giving a return of 5.32% based on the median price in Suburb
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.).