Suburb Profile Report for Queanbeyan East NSW (2620)

Queanbeyan East House: Median price $507,500, Annual capital growth 3.75%, Number of sales 33, Weekly median advertised rent $450

Queanbeyan East Unit: Median price $230,000, Annual capital growth 3.75%, Number of sales 104, Weekly median advertised rent $245

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Queanbeyan East have tracked lower than the NSW average of 7.93% over the last 12 months.

While Queanbeyan East,2620 ranked number 738th in NSW for increase in median house value (annualised) increase, it is ranked 1158th over the last 5 years.

Sellers are offering property buyers an average discount of -3.08% to buyers in Queanbeyan East at the moment, which is less than average for the rest of NSW.

With the median price for a house in Queanbeyan East being $507500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.61%

Property investors who have had real estate in Queanbeyan East, 2620 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -23.31%

When looking at the potential capital gains offered to property investors over the last 3 years, Queanbeyan East comes in at number 529th in NSW.

Our latest figures would indicate that property sellers in Queanbeyan East are currently offering property investors an average price cut of -5.56% below the asking price at the moment.

Situated 239.28km from the CBD, Queanbeyan East is one of Queanbeyan localities in the postcode 2620.

HOUSE UNIT
$507,500 $230,000
0.69% -16.35%
1.36% -23.31%
3.75% 3.75%
$450 $245
33 104
4.61% 5.54%
88.86 115.93

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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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