At number 2175th in the list of Australian suburbs ordered by increase in median house value over the last year, Queanbeyan West, 2620 is in the BOTTOM 50% with a property value increase of 5.05% recorded in median house prices.
If we look at median property appreciation over just the last three months, Queanbeyan West has given property investors a paper return of 6.00%. This puts Suburb as 312 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Queanbeyan West 2620 should be seeing an average reduction in asking price of around -6.19% . This means that Queanbeyan West is holding prices well when compared to other suburbs in NSW.
At number 2340 in a list of fastest selling suburbs, Queanbeyan West is in the bottom 40% of suburbs in Australia with an average of days on market 90.96 for properties listed there.
A $465 per week rent on the median house gives suburb investors a gross yield of circa 4.56%, without taking into account capital value appreciation, which has been averaging out at 2.89%.
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 5.26%.
Comparing Queanbeyan West,2620 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Queanbeyan West is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 267th in terms of most discounted suburbs in NSW
Queanbeyan West is 117th on a list of best yielding suburbs for rents in NSW with a 4.79% return