Located in New South Wales within the Queanbeyan-Palerang Regional local government area, Queanbeyan is a medium-sized suburb (postcode 2620). With a population of 6,409, the suburb has an established demographic with a median age of 38. Households earn a median income of $88K per year, with an average household size of 2 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Queanbeyan stand at $877,000, having eased back by 2.6% over the last twelve months. Units have a median price of $510,000 (+17.2% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,668.
Queanbeyan is served by 8 schools, including 5 primary, 2 secondary, 1 combined. The average ICSEA score is 1003, which is around the national average of 1,000. Public transport access includes 1 rail station, 29 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
On the investment side, Queanbeyan shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices sit below the state median ($877K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved -2.6% year-on-year.