Queanbeyan–Palerang Region - Southern Tablelands, NSW
Being located in New South Wales, Queanbeyan has an advantage over it’s neighbour Canberra - NSW stamp duty concessions for first-home buyers. These, together with lower property prices, entice young buyers to cross the border - knowing that Queanbeyan is just 20 minutes’ drive to central Canberra.
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.
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 in some areas.
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, Queanbeyan West, Braidwood, Bungendore, Googong, Jerrabomberra, Karabar and Crestwood.