Queanbeyan West has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.44% to date .
Taking the average capital gain, or increase in median house value, Queanbeyan West,2620 has racked up an average of -2.44% over the period. This ranks it number 3014th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Queanbeyan West is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 558th in terms of most discounted suburbs in NSW
In the last year 40 properties changed hands in Queanbeyan West, which puts it as the 798th most active market in NSW when comparing the number of sales per suburb.
Queanbeyan West is 246th on a list of best yielding suburbs for rents in NSW with a 4.78% return
Over the last year, property investments in Queanbeyan West, 2620 have given investors a capital gain of 3.31%. This compares averagely with the 5.73% for NSW as a whole.
A -4.34% growth in median value for property investors in Queanbeyan West,2620 puts this suburb at number 499th in terms of best performing suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Queanbeyan West itself are offering an average vendor discount of -4.02% to real estate investors.
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 5.51%, investors should hope to achieve an overall return of 4.51%