Located in New South Wales within the Queanbeyan-Palerang Regional local government area, Queanbeyan West is a compact suburb (postcode 2620). It is home to about 3,146 residents, with a mix of young professionals and families and a median age of 35. Households earn a median income of $110K per year, with an average household size of 2.5 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 construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Queanbeyan West stand at $895,000, having risen by 2.3% over the last twelve months. Units have a median price of $576,000 (+4.2% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,000.
Public transport access includes 25 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
Looking at the investment signals, Queanbeyan West shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices sit below the state median ($895K/$1.5M), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved +2.3% year-on-year.