Queanbeyan East has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.93% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Queanbeyan East comes in at number 1231th in NSW.
The most recent median price for Queanbeyan East is $535000, with sellers offering an average of -2.38% off the asking price.
At number 1759 in a list of fastest selling suburbs, Queanbeyan East is just in the top half of suburbs in Australia with an average of days on market 78.61 for properties listed there.
Queanbeyan East is 369th on a list of best yielding suburbs for rents in NSW with a 4.37% return
If you compare the increase in value of investment property in Queanbeyan East, 2620 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -24.56%.
The five-year average increase in median property values for Queanbeyan East,2620 has given property investors a potential capital gain of -19.78% across each of those five years.
Property buyers and investors in Queanbeyan East 2620 should be seeing an average reduction in asking price of around -5.22% . This means that Queanbeyan East is holding prices well when compared to other suburbs in NSW.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 6.05%, without taking into account capital value appreciation, which has been averaging out at 2.99%.