CAMPBELL, 2612 delivered a stronger 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 CAMPBELL, 2612 values up and netting property investors a capital gain of 12.57% for the past year.
Investors saw the median home price rise to $1,220,000.
Profits due to an upward trend in home prices in the suburb averaged 16.28% per annum over a 3-year period.
CAMPBELL now ranks at the 59th 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 CAMPBELL are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $790 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 CAMPBELL, homes and units usually stay on listing for an average of 72.8 days.
In 2016, 34 properties were sold in CAMPBELL during the past year, making it the 55th most active market in ACT based on total real estate transactions.
CAMPBELL ranks 13th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.
CAMPBELL, 2612 has a capital gain of 37.54% for the past year, which is higher than average compared to its 82.39% growth within a five-year period.
CAMPBELL, 2612 ranks 24th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 37.54% for property investors last year.
With the median home price in CAMPBELL sitting at $839,000, and the average rent at $342.5, property owners could potentially earn a 2.12% increase in gross rental yield.
Property investors have seen a -0.71% drop in CAMPBELL based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on CAMPBELL, 2612 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 37.54%.
A survey of average capital gains or median home price increase in suburbs across the country shows that CAMPBELL, 2612 obtained a 16.14% growth over a ten-year period. It ranks 1302nd on our list of suburbs that property investors should look into.
Campbell is a suburb in Canberra, Australian Capital Territory situated on the foothills of Mount Ainslie. Gazetted in 1956, the area where Campbell currently stands used to be called Duntroon, which was previously owned and established by merchant Robert Campbell. Campbell built a homestead in the early 19th century in Duntroon. The suburb is known today as the headquarters of a number of military agencies and its street names were taken after defence personnel.
Things to do in Campbell
Campbell is the home of the Australian War Memorial, which bagged the top spot last year for best landmark in Australia. Built in honour of those who fought for the country, the memorial serves to remind locals of the wartime efforts and sacrifices of Australian soldiers and how the war impacted Australian life. The memorial houses a shrine, museum, and a research centre. Other nearby points of interest include the Anglican Church of St. John the Baptist, which was erected by the Campbell family, the Blundell's Cottage, and the Yarralumla House.
Campbell's population numbers 4,997, consisting of nearly 900 families. Nearly 1,600 of their humble abodes are private dwellings, with three-bedroom homes being the most popular. Rental properties are quite common in Campbell, with 37 per cent of the properties rented. Thirty-five per cent of the properties were fully owned, while 25 per cent were being purchased. Market data show that property growth in Campbell is on a steady rise, reflecting a 10 per cent increase over the last quarter, and 30 per cent increase over a three-year period.