Fennell Bay vs Queanbeyan

The median house price is $870K in Fennell Bay and $875K in Queanbeyan, so Fennell Bay is the cheaper entry point, with Queanbeyan houses about 1% dearer.

On cash flow, Queanbeyan leads: houses there return a gross rental yield of 4.05%, compared with 3.89% in Fennell Bay, a gap of 0.16 percentage points.

Over the past year house prices moved +11.4% in Fennell Bay (an estimate) and +1.2% in Queanbeyan (an estimate), so recent momentum favours Fennell Bay, although both suburbs recorded growth.

Rental vacancy is 1.1% in Fennell Bay and 1.7% in Queanbeyan, so landlords in Fennell Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Queanbeyan is the bigger suburb, with a population of 6,409 against 1,780, roughly 3.6 times the size of Fennell Bay; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Queanbeyan for rental income, Fennell Bay for a lower purchase price, Fennell Bay for recent price momentum, Fennell Bay for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.