Suburb Profile Report for Queanbeyan West NSW (2620)

Queanbeyan West House: Median price $585,000, Annual capital growth 4.41%, Number of sales 43, Weekly median advertised rent $450

Queanbeyan West Unit: Median price $384,000, Annual capital growth 3.50%, Number of sales 25, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Queanbeyan West is in the TOP 30% in NSW when comparing median price capital growth over the last year. Queanbeyan West gave property investors a good capital gain figure when compared to the rest of the state, with 15.61%.

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

The most recent median price for Queanbeyan West is $585000, with sellers offering an average of -3.85% off the asking price.

In the last year 43 properties changed hands in Queanbeyan West, which puts it as the 743th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 4.41%, investors should hope to achieve an overall return of 4.00%

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 2.40%.

Queanbeyan West,2620 was ranked 901 in Australia by increase in median property value over the quarter.

At number 278th of NSW’s most discounted properties, Queanbeyan West is in the middle of the state/territory when listing in order of most discounted to least.

At number 836 in a list of fastest selling suburbs, Queanbeyan West is just in the bottom half of suburbs in Australia with an average of days on market 76.42 for properties listed there.

Metrics i HOUSE UNIT
$585,000 $384,000
4.46% 0.52%
15.61% 2.40%
4.41% 3.50%
$450 $320
43 25
4.00% 4.33%
64.86 76.42

Source: CoreLogic

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