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1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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Queanbeyan WestQueanbeyan West - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 34.96% over the last 12 months in QUEANBEYAN WEST, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.58% growth over a ten-year period. It ranks 1654th on our list of suburbs that property investors should look into.
QUEANBEYAN WEST, 2620 has a capital gain of 34.96% for the past year, which is higher than average compared to its 66.83% growth within a five-year period.
With the median home price in QUEANBEYAN WEST sitting at $830,000, and the average rent at $650, property owners could potentially earn a 4.07% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in QUEANBEYAN WEST are high, as opposed to average gains per annum over the past five years.
QUEANBEYAN WEST, 2620 in NSW belongs to the local government area of Queanbeyan-Palerang Regional (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $830,000 | $500,000 |
| GROWTH REPORT | ||
| Median Quarterly | 15.28% | 2.56% |
| Median 12 month | 34.96% | 9.59% |
| Median 3 years | 47.95% | 22.1% |
| Median 5 years | 66.83% | 35.14% |
| 10 years average annual | 6.58% | 2.88% |
| Weekly media advert. rent | $650 | $365 |
| Time on Market | 51.6 days | 46.7 days |
| Gross Rental Yield Percent | 4.07% | 3.8% |
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