Suburb Profile Report for Queanbeyan East NSW (2620)

Queanbeyan East House: Median price $548,000, Annual capital growth 3.10%, Number of sales 29, Weekly median advertised rent $470

Queanbeyan East Unit: Median price $245,000, Annual capital growth 3.24%, Number of sales 117, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Queanbeyan East, 2620 have given investors a capital gain of 7.98%. This compares badly with the 11.06% for NSW as a whole.

Queanbeyan East,2620 was ranked 2379 in Australia by increase in median property value over the quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Queanbeyan East itself are offering an average vendor discount of -1.67% to real estate investors.

Situated 243.68km from the CBD, Queanbeyan East is one of Queanbeyan localities in the postcode 2620.

Investment property in Queanbeyan East has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.99%

Taking the average capital gain, or increase in median house value, Queanbeyan East,2620 has racked up an average of 6.99% over the period. This ranks it number 1631th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Queanbeyan East, 2620. Typically our figures indicate that -4.10% is being offered, which puts this NSW suburb at 968th most discounted overall in Australia.

At number 1149 in a list of fastest selling suburbs, Queanbeyan East is in the bottom 30% of suburbs in Australia with an average of days on market 100.66 for properties listed there.

Queanbeyan East is 64th on a list of best yielding suburbs for rents in NSW with a 5.31% return

Metrics i HOUSE UNIT
$548,000 $245,000
0.55% 12.39%
7.98% 6.99%
3.10% 3.24%
$470 $250
29 117
4.46% 5.31%
46.13 100.66

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3765
Median household income ($/weekly) 1291
Median age of persons 33
Median housing loan repayment ($/monthly) 1896
Average household size 2
  • Census Count Percent(%)
    20-24 years 363 9.6
    25-34 years 857 22.8
    35-44 years 610 16.2
    45-54 years 499 13.3
    55-64 years 339 9.0
    Others 1097 29.1
    Age Group
    Census Count Percent(%)
    Not Married 1396 49.3
    Registered Married 1020 36.1
    Defacto Relationship 413 14.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2529 72.3
    Indonesia 162 4.6
    Papua New Guinea 77 2.2
    United Kingdom 123 3.5
    Other 194 5.5
    Others 414 11.8
    Country of Birth
    Census Count Percent(%)
    Christianity 2258 66.5
    Hinduism 112 3.3
    Islam 100 2.9
    Other Religious Groups 100 2.9
    No Religion 750 22.1
    Others 74 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 146 9.1
    $800-$999 141 8.8
    $1,000-$1,249 171 10.7
    $1,250-$1,499 169 10.6
    $1,500-$1,999 259 16.2
    Others 714 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1628 55.1
    Not in the labour force 671 22.7
    Employed, worked part-time 453 15.3
    Employed, away from work 132 4.5
    Unemployed, looking for work 73 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 234 10.6
    Professionals 411 18.5
    Technicians & trades workers 337 15.2
    Community & personal service workers 228 10.3
    Clerical & administrative workers 414 18.7
    Others 593 26.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 235 31.5
    Secondary 118 15.8
    Technical or Further Educational Institution 146 19.5
    University or other Tertiary Institutions 174 23.3
    Other type of educational institution 38 5.1
    Others 36 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1439 41.5
    Flat, unit or apartment 1139 32.9
    Semi-detached, row or terrace house, townhouse 877 25.3
    House or flat attached to a shop, office 12 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 836 49.6
    Being purchased 528 31.3
    Fully owned 314 18.6
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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