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Queanbeyan East
AREA REPORTS

Queanbeyan East

Queanbeyan East - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2620

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QUEANBEYAN EAST, 2620 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling QUEANBEYAN EAST, 2620 values up and netting property investors a capital gain of 7.27% for the past year.

Investors saw the median home price rise to $649,000.

Profits due to an upward trend in home prices in the suburb averaged 6% per annum over a 3-year period.

QUEANBEYAN EAST now ranks at the 315th 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 QUEANBEYAN EAST 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 $460 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 QUEANBEYAN EAST, homes and units usually stay on listing for an average of 69.3 days.

In 2016, 30 properties were sold in QUEANBEYAN EAST during the past year, making it the 686th most active market in NSW based on total real estate transactions.

Data report can be found below

Queanbeyan East
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $649,000 $297,475
GROWTH REPORT
Median Quarterly 6.39% -7.76%
Median 12 month 7.27% -12.76%
Median 3 years 18% -8.47%
Median 5 years 28.32% 3.47%
10 years average annual 2.71% 1.42%
Weekly media advert. rent $460 $300
Time on Market 69.3 days 87.1 days
Gross Rental Yield Percent 3.69% 5.24%
demographics (median values)*
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* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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