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Queanbeyan, NSW 2620

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Queanbeyan, NSW 2620 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Queanbeyan, NSW 2620”

  1. The total adult population (15 years or older) of Queanbeyan 2620 NSW is 5,488, with a median age of 38. Of those, 35.48% are married, 16.16% are divorced or separated, 40.91% are single and 7.42% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $9,120. The median monthly mortgage repayment for households in this suburb is $1,668 which is 18.29% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of Queanbeyan, carrying the postcode 2620, can be found in the state of New South Wales, Australia. Home to an estimated 3,862 households, this neighbourhood tells a diverse story through its variety of houses. Taking the stage as of Q3 in 2023, the typical prices for houses in Queanbeyan 2620 sit at a steady $835,612. Coupled with a median weekly rent of $603, this scenario cultivates an indicative yield of 3.75%.

    Queanbeyan flaunts a commendable socio-economic score of 995 out of 1217, painting an appealing picture about the quality of life for residents, showcasing the area’s access to economic resources and indicating a population of skilled professionals. However, the renter to owner ratio in the suburb sits at the higher side, at 44%, and the units to houses ratio isn’t far behind at 48%. These suggest a considerable rentership and high proportion of units, which may influence the investment depth.

    The affordability index in this suburb doesn’t paint the rosiest of pictures, as one would require approximately 36 years to fully own a property, assuming a standard 30-year mortgage and other factors at current levels. Digging deeper into supply metrics, the stock on market Percentage for houses is 0.66%, falling into the neutral range. Similarly, the inventory level for houses stands at 2.63 months, which, satisfyingly, points to a favourable low supply market.

    Building Approvals Ratio for houses follows the same rhythm at 0.66%, indicating a relatively neutral supply of new residential dwellings on the horizon. Fuelled by these factors, Queanbeyan 2620’s housing market is showing promising activity, with houses averaging 29 days on the market.

    Further probing into demand metrics, the suburb showcases a vacancy rate (across both houses and units) of 1.82%, describing an environment of neutral demand which still holds opportunities for capital growth and cashflow positivity. However, a slightly low buy search index value of 3 for houses implies limited demand, making it crucial for investors to keep a close watch on market trends to tap into potential opportunities.

    To conclude, while some metrics are in the more unfavourable range, such as the Buy Search Index, it’s key to note that most other metrics signal potential within this market. This underlines the importance of having a comprehensive understanding of property market data – a feat achievable through tools like the Relative Composite Score developed by HtAG Analytics to automate market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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