Coombs

Coombs, 2611 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in ACT have risen as a whole, pulling Coombs, 2611 values up and netting property investors a capital gain of 2.55% for the past year.

Investors saw the median home price rise to $1,005,000.

Profits due to an downward trend in home prices in the suburb averaged -8.29% per annum over a 3-year period.

Coombs now ranks at the 14th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in Coombs are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $990 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In Coombs, homes and units usually stay on listing for an average of 52.7 days.

In 2016, 31 properties were sold in Coombs during the past year, making it the 71st most active market in ACT based on total real estate transactions.