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Queanbeyan WestQueanbeyan West - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 11.79% 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 3.25% growth over a ten-year period. It ranks 2589th on our list of suburbs that property investors should look into.
QUEANBEYAN WEST, 2620 has a capital gain of 11.79% for the past year, which is higher than average compared to its 25.74% growth within a five-year period.
With the median home price in QUEANBEYAN WEST sitting at $640,000, and the average rent at $550, property owners could potentially earn a 4.47% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in QUEANBEYAN WEST are low, 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 | $640,000 | $426,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.91% | -0.35% |
| Median 12 month | 11.79% | 12.11% |
| Median 3 years | 11.79% | 10.94% |
| Median 5 years | 25.74% | 17.68% |
| 10 years average annual | 3.25% | 1.48% |
| Weekly media advert. rent | $550 | $310 |
| Time on Market | 99.0 days | 52.2 days |
| Gross Rental Yield Percent | 4.47% | 3.78% |
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