Suburb Profile Report for Queanbeyan West NSW (2620)

Queanbeyan West House: Median price $500,000, Annual capital growth 2.96%, Number of sales 41, Weekly median advertised rent $450

Queanbeyan West Unit: Median price $375,000, Annual capital growth 5.39%, Number of sales 24, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Queanbeyan West is in the bottom 20% in NSW when comparing median price capital growth over the last year. Queanbeyan West gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.19%.

Over the longer term, Queanbeyan West has seen property prices show investors a 5.82% return over the last 3 years. This is worse than over the last 12 months

Queanbeyan West2620 is located in NSW which offers an average discount of -5.49% to property investors. Queanbeyan West itself is showing figures that indicate -5.10% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Queanbeyan West being $500000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.68%

Investment property in Queanbeyan West has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.31%

The five-year average increase in median property values for Queanbeyan West,2620 has given property investors a potential capital gain of -4.34% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Queanbeyan West is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 265th in terms of most discounted suburbs in NSW

Queanbeyan West, 2620’s gross rental yield is 4.71%

HOUSE UNIT
$500,000 $375,000
-0.30% -3.47%
-1.19% 3.31%
2.96% 5.39%
$450 $340
41 24
4.68% 4.71%
99.69 69.12

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 3156
Median household income ($/weekly) 1614
Median age of persons 34
Median housing loan repayment ($/monthly) 2058
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 427 13.5
    25-34 years 477 15.1
    35-44 years 478 15.1
    45-54 years 502 15.9
    55-64 years 330 10.5
    Others 942 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 1035 44.6
    Not Married 1030 44.4
    Defacto Relationship 256 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2447 82.4
    Germany 49 1.6
    Papua New Guinea 46 1.5
    United Kingdom 95 3.2
    Other 72 2.4
    Others 262 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.7
    Christianity 2237 77.1
    Hinduism 33 1.1
    Other Religious Groups 15 0.5
    No Religion 577 19.9
    Others 19 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 96 9.1
    $1,250-$1,499 91 8.7
    $1,500-$1,999 164 15.6
    $2,000-$2,499 127 12.1
    $2,500-$2,999 116 11.0
    Others 458 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1268 52.7
    Not in the labour force 573 23.8
    Employed, worked part-time 391 16.3
    Employed, away from work 107 4.5
    Unemployed, looking for work 65 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 221 12.5
    Professionals 282 16.0
    Technicians & trades workers 279 15.8
    Community & personal service workers 178 10.1
    Clerical & administrative workers 369 20.9
    Others 437 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.5
    Infants/Primary 256 35.3
    Secondary 223 30.8
    Technical or Further Educational Institution 78 10.8
    University or other Tertiary Institutions 100 13.8
    Others 21 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2473 82.7
    Semi-detached, row or terrace house, townhouse 322 10.8
    Flat, unit or apartment 183 6.1
    House or flat attached to a shop, office 13 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 443 39.3
    Rented 379 33.6
    Fully owned 297 26.3
    Other tenure type 9 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals