Queanbeyan East has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.98% to date .
Taking the average capital gain, or increase in median house value, Queanbeyan East,2620 has racked up an average of 7.98% over the period. This ranks it number 2572th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Queanbeyan East should be aiming for at least -2.29% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Queanbeyan East the average time real estate has been on the market is 66.41 days.
The NSW suburb of Queanbeyan East, 2620 is in the Queanbeyan local government area.
Queanbeyan East is in the bottom 10% 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 -19.81%.
Queanbeyan East,2620 has offered an average of -19.81% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in Queanbeyan East itself are offering an average vendor discount of -4.92% to real estate investors.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.