When is it too late to invest in property?
Leveraging your savings to invest in property at an early age is a widely accepted wealth strategy, but is it ever too late to invest? ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.72% growth over a ten-year period. It ranks 2131st on our list of suburbs that property investors should look into.
QUEANBEYAN WEST, 2620 has a capital gain of -0.44% for the past year, which is lower than average compared to its 18.73% growth within a five-year period.
With the median home price in QUEANBEYAN WEST sitting at $561,000, and the average rent at $515, property owners could potentially earn a 4.77% 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 | $561,000 | $392,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.09% | 4.53% |
| Median 12 month | -0.44% | 1.95% |
| Median 3 years | 10.43% | 6.96% |
| Median 5 years | 18.73% | 4.53% |
| 10 years average annual | 3.72% | 2.58% |
| Weekly media advert. rent | $515 | $325 |
| Time on Market | 49.3 days | 83.0 days |
| Gross Rental Yield Percent | 4.77% | 4.31% |
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