If you compare the increase in value of investment property in Queanbeyan West, 2620 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.02%.
Across a shorter period, Queanbeyan West, 2620 has seen a median price increase of -1.18% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Queanbeyan West itself are offering an average vendor discount of -4.93% to real estate investors.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.77%, without taking into account capital value appreciation, which has been averaging out at 3.36%.
Property value increases in Queanbeyan West have tracked close to the NSW average of 6.59% over the last 12 months.
Queanbeyan West,2620 was ranked 222 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Queanbeyan West is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 143th in terms of most discounted suburbs in NSW
Queanbeyan West, 2620’s gross rental yield is 4.55%