Captains Flat NSW

Postcode 2623 · Queanbeyan-Palerang Regional LGA

Captains Flat is a small community in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2623). With a population of 611, the suburb has an established demographic with a median age of 40. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.

The median house price in Captains Flat is $490,000, having grown strongly 8.8% over the past year. The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,309.

Captains Flat is served by 1 school, including 1 primary. The average ICSEA score is 903, which is below the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.

From an investment perspective, Captains Flat offers a gross rental yield of 3.2%, rated as moderate yield. Property prices sit below the state median ($490K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +8.8% year-on-year.

INVESTMENT SIGNALS
Rental Yield3.2% Moderate Yield
Price vs State$490K/$1.5M Below Median
Affordability5.7x Affordable
Price Momentum+8.8% Rising
SEIFA INDEX (ABS)
Advantage4/10
Education4/10
Economic4/10
Disadvantage4/10
MEDIAN HOUSE
$490K
8.8% YoY
MEDIAN RENT /WK
$300
POPULATION
611
DEMOGRAPHICS
Median Age40
Household Size2.4
HH Income /wk$1,644
Personal Income /wk$1011
Mortgage /mth$1,309
CRIME (Queanbeyan-Palerang Regional LGA)
Crime Rate (per 100k)2,796
Total Incidents1,828
TRANSPORT
Bus Stops13
SCHOOLS (1)
Avg ICSEA903
Total Students26
Government1
Captains Flat Public SchoolPrimary · Government · ICSEA 903
Data: 2025