Suburb Profile Report for Queanbeyan West NSW (2620)

Queanbeyan West House: Median price $506,000, Annual capital growth 3.36%, Number of sales 39, Weekly median advertised rent $460

Queanbeyan West Unit: Median price $375,000, Annual capital growth 4.96%, Number of sales 20, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.41% for the last 12 months, Queanbeyan West, 2620 has performed for property investments than its average annual 3.36% property growth over the last 5 years.

Comparing Queanbeyan West,2620 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Queanbeyan West is giving property investors an average Vendor Discount of around -5.30%. This puts suburb at number 579th in NSW when ranking the most discounted suburbs.

At number 2953 in a list of fastest selling suburbs, Queanbeyan West is in the bottom 30% of suburbs in Australia with an average of days on market 112.28 for properties listed there.

Renters in Suburb are facing rents around $5520 per annum or $460 every week.

If you compare the increase in value of investment property in Queanbeyan West, 2620 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.59%.

Over the longer term, Queanbeyan West has seen property prices show investors a -3.10% return over the last 3 years. This is an improvement over the last 12 months

Queanbeyan West2620 is located in NSW which offers an average discount of -4.45% to property investors. Queanbeyan West itself is showing figures that indicate -4.22% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Queanbeyan West the average time real estate has been on the market is 101.5 days.

Renters in Suburb are facing rents around $4080 per annum or $340 every week.

HOUSE UNIT
$506,000 $375,000
0.30% N/A
9.41% 3.59%
3.36% 4.96%
$460 $340
39 20
4.73% 4.71%
112.28 101.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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