Property investors who have had real estate in Queanbeyan East, 2620 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.51%
The five-year average increase in median property values for Queanbeyan East,2620 has given property investors a potential capital gain of 8.16% across each of those five years.
Queanbeyan East2620 is located in NSW which offers an average discount of -5.49% to property investors. Queanbeyan East itself is showing figures that indicate -2.83% is the average achievable by property buyers investing in the suburb.
In the last year 35 properties changed hands in Queanbeyan East, which puts it as the 873th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Queanbeyan East being $530000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.42%
Investment property in Queanbeyan East has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -24.56%
Comparing Queanbeyan East,2620 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
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 -5.45% is being offered, which puts this NSW suburb at 649th most discounted overall in Australia.
In the last year 124 properties changed hands in Queanbeyan East, which puts it as the 116th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.