Suburb Profile Report for Queanbeyan NSW (2620)

Queanbeyan House: Median price $520,000, Annual capital growth 3.42%, Number of sales 51, Weekly median advertised rent $483

Queanbeyan Unit: Median price $338,850, Annual capital growth 2.27%, Number of sales 115, Weekly median advertised rent $350

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Over the last year, property investments in Queanbeyan, 2620 have given investors a capital gain of -0.95%. This compares favourably with the -4.21% for NSW as a whole.

Queanbeyan,2620 has offered an average of -0.95% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Queanbeyan are currently offering property investors an average price cut of -4.12% below the asking price at the moment.

Using the current median advertised rental of $482.5 and the average annual increase in value of a median property of 3.42%, investors should hope to achieve an overall return of 4.83%

With a capital gain of 8.26% for the last 12 months, Queanbeyan, 2620 has performed for property investments than its average annual 2.27% property growth over the last 5 years.

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

Our latest figures would indicate that property sellers in Queanbeyan are currently offering property investors an average price cut of -4.85% below the asking price at the moment.

The NSW suburb of Queanbeyan, 2620 is in the Queanbeyan-Palerang Regional (A) local government area.

Aaron Papahatzis and Jesse Wragg Information supplied by:

Aaron Papahatzis and Jesse Wragg
Peter Blackshaw Realty

M 02 6297 0005
O 0419 683 599 / 0431 817 939

W www.peterblackshaw.com.au
E jwragg@peterblackshaw.com.au / apapahatzis@peterblackshaw.com.au

Selling points: Queanbeyan is located 15 minutes from the centre of Canberra, so you get all the benefits of living close to the capital without having to pay through the teeth for it. Because of that, many people moving to the Canberra region prefer to rent in Queanbeyan, as it has a nice country feel without being out in the sticks. The current vacancy rate is less than 0.5% and some of the amazing rental returns we’ve been seeing recently have been surprising even us.

Most sought after properties: Four-bedroom houses on decent-sized blocks are moving well for owner-occupiers, and we’ve had a large number of walk-in investors wanting to buy standard two- bedroom units around the $250,000 mark.

Most common properties: Everything from heritage-listed homes from the early 1900s to brand new townhouses and apartment complexes. There are several unique little pockets in Queanbeyan, which means there’s something for everyone, whether you’re looking for a semi-rural mansion on 5,000sqm, a brand new apartment or a standard four-bedroom home.

Top amenities: Queanbeyan has excellent schools in every corner of town, a large shopping centre, and a railway station. It is located just 10 minutes to Canberra Airport and 15 minutes to Canberra City. Queanbeyan has its own hospital as well as being close to the Canberra Hospital. It’s only a 15 minute drive from Queanbeyan to the bush. Queanbeyan River is popular with anglers, while there are also lots of churches, plenty of parks and ovals.

Local industry and business: Lots of residents are commuters to the city, but there are a large number of workers for local construction companies and other trades as well as a large number of local businesses including doctors, lawyers, accountants, real estate agents, etc.

Recent changes: In the last 12 months alone there’s been a huge redevelopment in Queanbeyan, with several new and exciting things happening at the recently completed Crawford Street lifestyle precinct. The Royal Hotel Queanbeyan's multi-million dollar renovation is also finished and a new library and major new retailer just a few months away. Googong township is up and coming with new blocks being released and the opening of the Edwin Land Parkway, which connects Queanbeyan directly to Jerrabomberra.

Best streets: Buy close to St Ives Primary School on Lynbara, Catherine or one of the other sheltered streets. Steer clear of Eastern Arterial, Mona Vale and Horace to protect resale values – these are high traffic thoroughfares and although you can snag a bargain property there, resale may be more difficult.

Public transport: There are a number of regular bus routes which go directly into Canberra as well as buses to all other areas of the country. There is a train station in Queanbeyan and the town is only 10 minutes from Canberra Airport.

Main arteries: The Kings Highway takes you straight to the south coast (2.5hrs), the Federal Highway takes you straight to Sydney (3hrs) and Canberra Avenue takes you into the heart of Canberra (15 mins).

Metrics i HOUSE UNIT
$520,000 $338,850
0.00% 0.30%
-0.95% 8.26%
3.42% 2.27%
$483 $350
51 115
4.83% 5.37%
63.6578947368421 87.325

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Demographics
Total population 5783
Median household income ($/weekly) 1273
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 500 8.6
    25-34 years 1020 17.6
    35-44 years 895 15.5
    45-54 years 734 12.7
    55-64 years 641 11.1
    Others 1994 34.5
    Age Group
    Census Count Percent(%)
    Not Married 2137 50.6
    Registered Married 1525 36.1
    Defacto Relationship 560 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4048 74.7
    Indonesia 110 2.0
    Papua New Guinea 117 2.2
    United Kingdom 199 3.7
    Other 262 4.8
    Others 683 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 70 1.3
    Christianity 3664 70.0
    Islam 96 1.8
    Other Religious Groups 81 1.5
    No Religion 1246 23.8
    Others 75 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 198 8.7
    $1,000-$1,249 239 10.5
    $1,250-$1,499 218 9.6
    $1,500-$1,999 332 14.6
    $2,000-$2,499 216 9.5
    Others 1076 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2189 48.2
    Not in the labour force 1387 30.6
    Employed, worked part-time 669 14.7
    Employed, away from work 178 3.9
    Unemployed, looking for work 116 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 319 10.5
    Professionals 584 19.2
    Technicians & trades workers 447 14.7
    Community & personal service workers 319 10.5
    Clerical & administrative workers 588 19.4
    Others 777 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 63 5.6
    Infants/Primary 312 27.9
    Secondary 248 22.1
    Technical or Further Educational Institution 198 17.7
    University or other Tertiary Institutions 249 22.2
    Others 50 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2864 55.4
    Flat, unit or apartment 1381 26.7
    Semi-detached, row or terrace house, townhouse 877 17.0
    House or flat attached to a shop, office 29 0.6
    Caravan, cabin, houseboat 19 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1006 41.8
    Being purchased 770 32.0
    Fully owned 594 24.7
    Other tenure type 34 1.4
    Tenure Type
Census 2011, ABS
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