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Queanbeyan East

Suburb Profile

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

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unit

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

Investors saw the median home price rise to $608,000.

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 938th 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 $500 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 68.4 days.

In 2016, 28 properties were sold in QUEANBEYAN EAST during the past year, making it the 693rd most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $608,000 $300,000
GROWTH REPORT
Median Quarterly -1.78% 6.19%
Median 12 month 4.83% -7.69%
Median 3 years 14.18% 14.5%
Median 5 years 22.83% -6.25%
10 years average annual 2.18% 2.6%
Weekly media advert. rent $500 $300
Time on Market 68.4 days 76.8 days
Gross Rental Yield Percent 4.28% 5.2%
demographics (median values)
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