Queanbeyan East

POSTAL CODE: NSW, 2620

HOUSE

UNIT

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 2.33% for the past year.

Investors saw the median home price rise to $945,000.

Profits due to an upward trend in home prices in the suburb averaged 4.73% per annum over a 3-year period.

QUEANBEYAN EAST now ranks at the 223rd 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 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 $697.5 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 N/A.

In 2016, 33 properties were sold in QUEANBEYAN EAST during the past year, making it the 633rd most active market in NSW based on total real estate transactions.

QUEANBEYAN EAST ranks 284th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

QUEANBEYAN EAST, 2620 has a capital gain of -10% for the past year, which is lower than average compared to its 38.46% growth within a five-year period.

With the median home price in QUEANBEYAN EAST sitting at $450,000, and the average rent at $450, property owners could potentially earn a 5.2% increase in gross rental yield.

Property investors have seen a -5.26% drop in QUEANBEYAN EAST based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that QUEANBEYAN EAST, 2620 obtained a 5.61% growth over a ten-year period. It ranks 831st on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$945,000	$450,000
Growth Report
Median Quarterly	5.59%	-5.26%
Median 12 month	2.33%	-10%
Median 3 years	14.2%	21.62%
Median 5 years	45.38%	38.46%
10 years average annual	6.94%	5.61%
Weekly media advert. rent	$698	$450
Time on Market	N/A	68.5 days
Gross Rental Yield Percent	3.84%	5.2%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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