With a capital gain of 5.30% for the last 12 months, Queanbeyan West, 2620 has performed for property investments than its average annual 3.15% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Queanbeyan West has increased when compared to the 5 year average annual rate.
Vendor discounting in Queanbeyan West is giving property investors an average Vendor Discount of around -6.16%. This puts suburb at number 335th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $5580 per annum or $465 every week.
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 3.59%
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 West, 2620. Typically our figures indicate that -3.71% is being offered, which puts this NSW suburb at 1122th most discounted overall in Australia.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 5.09%.