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Queanbeyan West, NSW 2620

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$890,000

market range $850K-$975K

Median Unit

$690,000

market range $475K-$750K

Gross Yield (houses)

4.0%

1yr Growth (houses)

+2.5%

market range -2.5% to +5.0%

Investment snapshot for Queanbeyan West

Queanbeyan West has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Queanbeyan West market and investor summary

Queanbeyan West (NSW 2620) runs a median house price of $890K, with houses yielding a gross 4.0%. House prices have moved +2.5% over the past year and +6.8% over three years. At 1.3% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.

Living in Queanbeyan West: people, income and schools

About 3,146 people live in Queanbeyan West, and the area has been growing steadily, up about 8% over five years. The median age is 35, broadly working-age, and families account for 71% of households.

Households here earn a median of about $110,000 a year, or roughly $2,110 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.

There are 12 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 12 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
3,146
+8% over 5yr
Median age
35 years
Median household income
$110,000/yr
Households renting
33%
Family households
71%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
12
avg ICSEA 985
Unemployment
1.4%
Walk score
12/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Queanbeyan West

No properties currently listed in Queanbeyan West

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Frequently asked questions about Queanbeyan West

What should I check before investing in Queanbeyan West?

Queanbeyan West has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.0% gives a usable rent-to-price starting point. Tight rental market (1.3% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Queanbeyan West?

The median property price in Queanbeyan West, NSW 2620 is $890K for houses and $690K for units.

What rental yield does Queanbeyan West show?

The gross rental yield in Queanbeyan West is 4.0% for houses and 3.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Queanbeyan West?

House prices in Queanbeyan West are up 2.5% over the past year and up 6.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Queanbeyan West?

The current vacancy rate in Queanbeyan West is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Queanbeyan West?

Queanbeyan West has a population of approximately 3,146 residents, with a median age of 35.

What schools are near Queanbeyan West?

There are 12 schools within roughly 5km of Queanbeyan West. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Queanbeyan West affordable to buy in?

A median house in Queanbeyan West costs about 8.1 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Queanbeyan West's population growing?

The population of Queanbeyan West has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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Queanbeyan West NSW 2620: Median House Price $890K