Queanbeyan East has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.06% to date .
Taking the average capital gain, or increase in median house value, Queanbeyan East,2620 has racked up an average of 8.06% over the period. This ranks it number 2652th in the whole country for real estate investors looking at median house price increases.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 2.75%.
Over the last year, property investments in Queanbeyan East, 2620 have given investors a capital gain of 42.17%. This compares very favourably with the 8.39% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Queanbeyan East has increased when compared to the 5 year average annual rate.
Vendor discounting in Queanbeyan East is giving property investors an average Vendor Discount of around -4.06%. This puts suburb at number 134th in NSW when ranking the most discounted suburbs.
In the last year 108 properties changed hands in Queanbeyan East, which puts it as the 140th most active market in NSW when comparing the number of sales per suburb.
Queanbeyan East is 172th on a list of best yielding suburbs for rents in NSW with a 4.41% return