Queanbeyan–Palerang Region - Southern Tablelands, NSW
Queanbeyan is located in New South Wales but is effectively part of the Canberra metropolitan area - and it enjoys the best of both worlds.
The proximity of Queanbeyan to the nation’s capital is paying dividends for local property markets.
The region is experiencing strong population growth, unemployment is low, new housing estates are under construction and there are plans for the nearby Canberra International Airport to become a 24-hour freight hub.
But the most appealing aspect of Queanbeyan is its affordability relative to Canberra, with median prices for both houses and units below those in the national capital. Young buyers can access NSW government incentives and buy in one of Canberra’s most affordable markets.
Property sales activity in Queanbeyan has increased in recent years, leading it to become a standout region for growth, as identified in recent editions of the Price Predictor Index published by Hotspotting. Prices are now rising strongly.
With Canberra forecast to be one of the nation’s leading cities for price growth in the next few years, Queanbeyan’s links to the capital will boost the local market.
Good rental yields are another attraction, with several suburbs having median yields around 4–5% for houses and 5–6% for units.
This report covers Queanbeyan, Queanbeyan East, Braidwood, Bungendore, Googong, Jerrabomberra, Karabar and Crestwood.
Queanbeyan was Hotspot of the Week on 13th November 2018