Suburb Profile Report for Kambah ACT (2902)

Kambah House: Median price $616,000, Annual capital growth 3.61%, Number of sales 222, Weekly median advertised rent $540

Kambah Unit: Median price $427,500, Annual capital growth 2.11%, Number of sales 36, Weekly median advertised rent $440

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Kambah has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 14.07% to date .

Taking the average capital gain, or increase in median house value, Kambah,2902 has racked up an average of 14.07% over the period. This ranks it number 816th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Kambah is offering property investors an average of -4.58. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in ACT

Using the current median advertised rental of $540 and the average annual increase in value of a median property of 3.61%, investors should hope to achieve an overall return of 4.56%

Property value increases in Kambah have tracked just higher than the ACT average of 1.23% over the last 12 months.

The five-year average increase in median property values for Kambah,2902 has given property investors a potential capital gain of 28.28% across each of those five years.

Property buyers and investors in Kambah 2902 should be seeing an average reduction in asking price of around -3.07% . This means that Kambah is holding prices well when compared to other suburbs in ACT.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.35%, without taking into account capital value appreciation, which has been averaging out at 2.11%.

Mark & Francesca Flynn Information supplied by:

Mark & Francesca Flynn
Luton Properties

M 0262932323
O 0418669655 / 0432051229

W www.luton.com.au
E [email protected] / [email protected]

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.).

Metrics i HOUSE UNIT
$616,000 $427,500
2.50% 0.94%
14.07% 4.27%
3.61% 2.11%
$540 $440
222 36
4.56% 5.35%
50.4023668639053 55.5

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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
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