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Coombs suburb profile

Coombs is a modern suburb located in the Molonglo Valley district of Canberra, ACT, offering a blend of contemporary living and natural beauty. Established as part of Canberra's newest residential developments, Coombs is characterized by its well-planned streets, family-friendly parks, and proximity to the Molonglo River. The suburb provides a range of housing options, from stylish townhouses to spacious family homes, catering to diverse lifestyles. With easy access to major roads, Coombs is conveniently connected to Canberra's city centre and surrounding areas. Its emphasis on community living and sustainable design makes Coombs an attractive choice for families and professionals.

Coombs property market performance

Current median dwelling price$634,875Past 3 months

Property growth+5.6%Past 12 months

Coombs has experienced a steady property market over the past 12 months, with house values increasing by 3.4% and unit values rising by 6.2%. The current median house price stands at $763,500, while the median unit price is $507,500, indicating a healthy demand for both property types.

In terms of sales activity, 41 houses and 18 units have been sold over the last 12 months. Houses are selling slightly faster than units, with a median of 50 days on the market compared to 53 days for units, suggesting a balanced interest in both sectors.

The rental market in Coombs has seen moderate changes, with house rents increasing by 4.5% and unit rents by 0.9% over the last year. The average rent for houses is $700, while units average $560, reflecting a stable rental environment.

HousesUnits
Median price
Past 3 months
$732K$538K
Change in value
Past 12 months
4.5%6.7%
Sold
Past 3 months
3322
Median days on market
Past 12 months
5253
Average rent
Past 12 months
$700$560
Change in rent
Past 12 months
3.7%1.8%

5 year median price trend for houses and units

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Coombs demographics

Coombs, located in the Australian Capital Territory, is a burgeoning suburb known for its family-friendly environment and modern amenities. With a population of 4,851 and a median age of 30, Coombs is a youthful suburb that attracts young families and professionals. The suburb's high median household income of $2,634 per week reflects the affluence and economic stability of its residents, many of whom are likely employed in Canberra's thriving public and private sectors.

Family life is a significant aspect of Coombs, with 52% of households being couple families with children, indicating a strong community focus on family living. Additionally, 32.1% of households are couple families without children, and 14.4% are one-parent families, showcasing a diverse range of family structures. The suburb's modern housing developments cater to these family dynamics, offering a mix of spacious homes and townhouses.

In terms of property ownership, Coombs has a high rate of homeownership with mortgages, at 64.5%, suggesting that many residents are investing in their future within this growing community. Only 7.4% of properties are owned outright, while 28.1% are rented, indicating a stable yet dynamic housing market. The suburb's proximity to natural reserves and the Molonglo River adds to its appeal, providing residents with ample recreational opportunities and a serene lifestyle within reach of Canberra's city center.

Suburbs near Coombs

Some popular suburbs near Coombs include:

  • Wright: Known for its modern residential developments and proximity to nature reserves, Wright is located directly east of Coombs.
  • Denman Prospect: Featuring contemporary homes and a growing community, Denman Prospect is situated to the northeast of Coombs.
  • Holder: Offering a mix of established homes and green spaces, Holder lies to the southeast of Coombs.
  • Duffy: Known for its family-friendly atmosphere and local amenities, Duffy is located to the south of Coombs.
  • Weston: Featuring a blend of residential and commercial areas with excellent transport links, Weston is situated to the southeast of Coombs.

How does Coombs compare to nearby suburbs?

  • Median house prices: Coombs’s median house price is 20.6% lower than Wright’s.
  • Median unit prices: Coombs’s median unit price is 6.6% higher than Wright’s.
  • House price growth: Over the past 12 months, house prices in Coombs have grown 25.4% higher than in Wright.
  • Unit price growth: Over the past 12 months, unit prices in Coombs have grown 5.9% higher than in Wright.
  • Selling speed for houses: Properties in Coombs are selling 16.1% faster than in Wright.
  • Selling speed for units: Properties in Coombs are selling 3.6% faster than in Wright.

Choose the right real estate agents in Coombs

In Coombs ,99 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 17.1% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.16% and 3%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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