Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Property investments in KAMBAH fare well against the rest of the country last year, registering a median home price increase of 9.02%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains KAMBAH, 2902 saw average growth in the long term.
Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 52.8 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $665,000.
KAMBAH ranks 25th on the list of best yielding suburbs for rental properties in ACT, posting a 4.3% return.
Kambah is a suburb of the Tuggeranong District of Canberra, Australian Capital Territory. The suburb is bounded by the Kambah Pool Road, Athllon Drive, Sulwood Drive and the Bicentennial National Trail. Drakeford Drive, which is linked to Tuggeranong, bisects the suburb. Kambah’s postcode is 2902.
Kambah was named after a homestead in the district. The suburb’s streets were named after Australian pioneers; those in Gleneagles Estate were named after personalities from the golf industry.
Kambah is four times larger than your typical suburb in Canberra, with a land area of 1,130 hectares. The planning was influenced by the prevailing trends at the time as well as its geography and population boom. Kambah was planned as a territorial unit, not based on the area’s available amenities. It is similar to Wanniassa in this regard, the latter having a land area of 539.7 hectares.
Things to do in Kambah
Residents prize Kambah due to its amenities and beautiful, natural surrounds. Kambah has good access points to Mount Taylor and Mount Arawang and is teeming with paddocks, equestrian paths and cycling tracks.
The suburb has its own schools, shopping centres and efficient transportation. It is a short drive away from the lifestyle nooks of Tuggeranong and Woden. The average mortgage repayment rate in Kambah is $1,950.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.02%||20.43%|
|Median 3 years||23.15%||26.71%|
|Median 5 years||30.39%||37.84%|
|10 years average annual||3.39%||3.26%|
|Weekly media advert. rent||$550||$440|
|Time on Market||52.8 days||72.6 days|
|Gross Rental Yield Percent||4.3%||4.49%|