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%