Suburb Profile Report for Queanbeyan East NSW (2620)

Queanbeyan East House: Median price $507,500, Annual capital growth 3.70%, Number of sales 33, Weekly median advertised rent $480

Queanbeyan East Unit: Median price $200,000, Annual capital growth 2.40%, Number of sales 116, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3098th in the list of Australian suburbs ordered by increase in median house value over the last year, Queanbeyan East, 2620 is in the BOTTOM 30% with a property value increase of -1.84% recorded in median house prices.

Queanbeyan East,2620 has offered an average of -1.84% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Queanbeyan East should be aiming for at least -3.08% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 3.70%, investors should hope to achieve an overall return of 4.92%

Over the last year, property investments in Queanbeyan East, 2620 have given investors a capital gain of -33.32%. This compares very badly with the 6.59% for NSW as a whole.

Queanbeyan East,2620 has offered an average of -33.32% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Queanbeyan East are currently offering property investors an average price cut of -6.02% below the asking price at the moment.

Residents and property investors in Queanbeyan East have been waiting around 123.86 days to sell a property.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

HOUSE UNIT
$507,500 $200,000
-0.29% -23.08%
-1.84% -33.32%
3.70% 2.40%
$480 $250
33 116
4.92% 6.50%
90.54 123.86

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (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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Recent sales & rentals