Suburb Profile Report for Queanbeyan East NSW (2620)

Queanbeyan East House: Median price $520,000, Annual capital growth 4.02%, Number of sales 33, Weekly median advertised rent $480

Queanbeyan East Unit: Median price $204,500, Annual capital growth 2.84%, Number of sales 124, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Queanbeyan East is in the bottom 20% in NSW when comparing median price capital growth over the last year. Queanbeyan East gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.86%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Queanbeyan East has increased when compared to the 5 year average annual rate.

The most recent median price for Queanbeyan East is $520000, with sellers offering an average of -2.97% off the asking price.

Advertised rents are around the $480 mark per week – giving a return of 4.80% based on the median price in Suburb

At number 1737th in the list of Australian suburbs ordered by increase in median house value over the last year, Queanbeyan East, 2620 is in the BOTTOM 10% with a property value increase of -31.81% recorded in median house prices.

Across a shorter period, Queanbeyan East, 2620 has seen a median price increase of -10.70% over the last quarter.

Queanbeyan East, 2620 is offering NSW ‘s 71th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 2.84%, investors should hope to achieve an overall return of 6.36%

HOUSE UNIT
$520,000 $204,500
2.46% -10.70%
-0.86% -31.81%
4.02% 2.84%
$480 $250
33 124
4.80% 6.36%
79.31 120.83

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Queanbeyan East NSW
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
Chart Table
Recent sales & rentals