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.