Question 1

Is Coombs a nice place to live?

Accepted Answer

Coombs is a relatively new residential suburb in Canberra’s Molonglo Valley with contemporary detached homes and townhouses, many parks and playgrounds, and a network of walking and cycling paths that link into nearby open space and the Molonglo River corridor. A village-style local centre brings everyday shops, childcare and community facilities close to residents, and regular bus services connect Coombs to other parts of Canberra. Mount Stromlo and surrounding reserves are nearby for bushland and outdoor recreation.

Home to 4,851 people with a median age of 30, Coombs attracts young families and professionals; couple families with children are the largest family group and about 71.9% of homes are owner-occupied. The suburb includes a primary campus of Charles Weston School, a community centre and a local Molonglo health clinic, and Stromlo Forest Park has a completed BMX facility with further park projects and leisure facilities planned. Whether Coombs suits you depends on whether a newer suburb weighted towards families, with schools, parks and local shops close by, fits what you want.

Question 2

Is it expensive to live in Coombs?

Accepted Answer

A median house price of $732,250 in Coombs works out to about 5.3 times a typical local annual household income at the last Census, which sits somewhat above local incomes. The median unit price of $531,000 is about 3.9 times a typical local annual household income at the last Census, so unit-buying is closer to what local households earned at the last Census than buying a house.

On the rental side, $700 a week for a house would use about 26.6% of a typical local household's weekly income at the last Census, and $570 a week for a unit would use about 21.6%. On these figures, renting a unit would take a smaller share of a typical local household income than either renting a house or buying a house.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Coombs a good place to invest?

Accepted Answer

Unit values jumped 14.0% over the past year. In Coombs, that stood against a more modest 4.6% rise in house values, so capital growth this year was noticeably stronger on the unit side than the house side. On the rental side, unit rents rose a modest 3.6% while house rents increased a modest 2.9%, with unit rents growing slightly faster than house rents over the 12 months.

Which of those movements matters most depends on your aims: the unit market showed the stronger price lift, while both property types produced modest rent gains. Whether that aligns with your investment goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$732K	$531K
Change in value Past 12 months	4.6%	14.0%
Sold Past 3 months	20	19
Median days on market Past 12 months	50	53
Average rent Past 12 months	$700	$570
Change in rent Past 12 months	2.9%	3.6%

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