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 2.91% for the past year.
Investors saw the median home price rise to $565,000.
Profits due to an upward trend in home prices in the suburb averaged 4.43% per annum over a 3-year period.
QUEANBEYAN EAST now ranks at the 329th 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 $480 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 42.3 days.
In 2016, 27 properties were sold in QUEANBEYAN EAST during the past year, making it the 721st most active market in NSW based on total real estate transactions.
QUEANBEYAN EAST ranks 568th 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 28.98% for the past year, which is higher than average compared to its 10% growth within a five-year period.
QUEANBEYAN EAST, 2620 ranks 52nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 28.98% for property investors last year.
With the median home price in QUEANBEYAN EAST sitting at $291,500, and the average rent at $277.5, property owners could potentially earn a 4.95% increase in gross rental yield.
Property investors have seen a -2.51% drop in QUEANBEYAN EAST based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on QUEANBEYAN EAST, 2620 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 28.98%.
A survey of average capital gains or median home price increase in suburbs across the country shows that QUEANBEYAN EAST, 2620 obtained a 3.55% growth over a ten-year period. It ranks 909th on our list of suburbs that property investors should look into.