Suburb Profile Report for Queanbeyan West NSW (2620)

Queanbeyan West House: Median price $500,000, Annual capital growth 2.87%, Number of sales 41, Weekly median advertised rent $455

Queanbeyan West Unit: Median price $375,000, Annual capital growth 5.29%, Number of sales 26, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Queanbeyan West, 2620 have given investors a capital gain of -1.96%. This compares very badly with the 7.47% for NSW as a whole.

Queanbeyan West,2620 has offered an average of -1.96% return per annum in house price rises to property investors over the last three years.

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 -6.38% is being offered, which puts this NSW suburb at 1607th most discounted overall in Australia.

Situated 246.95km from the CBD, Queanbeyan West is one of Queanbeyan localities in the postcode 2620.

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 3.88%

Taking the average capital gain, or increase in median house value, Queanbeyan West,2620 has racked up an average of 3.88% over the period. This ranks it number 1479th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -3.76% to buyers in Queanbeyan West at the moment, which is less than average for the rest of NSW.

Queanbeyan West is 141th on a list of best yielding suburbs for rents in NSW with a 4.71% return

Metrics i HOUSE UNIT
$500,000 $375,000
-1.19% N/A
-1.96% 3.88%
2.87% 5.29%
$455 $340
41 26
4.73% 4.71%
104.17 66.33

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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