Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Subscribe to our newsletter
Property investors enjoyed capital gains of 0.09% 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 2.51% growth over a ten-year period. It ranks 2661st on our list of suburbs that property investors should look into.
QUEANBEYAN WEST, 2620 has a capital gain of 0.09% for the past year, which is lower than average compared to its 21.75% growth within a five-year period.
With the median home price in QUEANBEYAN WEST sitting at $562,500, and the average rent at $535, property owners could potentially earn a 4.95% 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 | $562,500 | $360,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.55% | -6.49% |
| Median 12 month | 0.09% | -8.16% |
| Median 3 years | 12.5% | -4% |
| Median 5 years | 21.75% | -10% |
| 10 years average annual | 2.51% | 0.04% |
| Weekly media advert. rent | $535 | $310 |
| Time on Market | 58.4 days | 72.0 days |
| Gross Rental Yield Percent | 4.95% | 4.48% |
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
