Suburb Profile Report for Queanbeyan East NSW (2620)

Queanbeyan East House: Median price $530,000, Annual capital growth 3.47%, Number of sales 35, Weekly median advertised rent $450

Queanbeyan East Unit: Median price $215,000, Annual capital growth 3.17%, 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

Property investors who have had real estate in Queanbeyan East, 2620 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.51%

The five-year average increase in median property values for Queanbeyan East,2620 has given property investors a potential capital gain of 8.16% across each of those five years.

Queanbeyan East2620 is located in NSW which offers an average discount of -5.49% to property investors. Queanbeyan East itself is showing figures that indicate -2.83% is the average achievable by property buyers investing in the suburb.

In the last year 35 properties changed hands in Queanbeyan East, which puts it as the 873th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Queanbeyan East being $530000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.42%

Investment property in Queanbeyan East has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -24.56%

Comparing Queanbeyan East,2620 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Queanbeyan East, 2620. Typically our figures indicate that -5.45% is being offered, which puts this NSW suburb at 649th most discounted overall in Australia.

In the last year 124 properties changed hands in Queanbeyan East, which puts it as the 116th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3000 per annum or $250 every week.

HOUSE UNIT
$530,000 $215,000
4.43% 10.26%
2.51% -24.56%
3.47% 3.17%
$450 $250
35 124
4.42% 6.05%
77 112.85

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals