Queanbeyan East (postcode 2620) is a smaller suburb in New South Wales within the Queanbeyan-Palerang Regional local government area. It is home to about 4,240 residents, with a mix of families and early-career residents and a median age of 34. 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 English, Australian, Irish.
Median house prices in Queanbeyan East stand at $875,000, having moved lower by 3.5% over the last twelve months. Units have a median price of $468,000 (+0.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,647.
Public transport access includes 19 bus stops. 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 East shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices sit below the state median ($875K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved -3.5% year-on-year.