Queanbeyan–Palerang Region - Southern Tablelands, NSW
Queanbeyan is typical of the growth markets of regional NSW, which provide a stark contrast to Sydney’s downturn. It is delivering growth – whether measured by sales activity or by price trends.
Queanbeyan has regularly been a standout region for growth, as identified in recent editions of the Price Predictor Index published by Hotspotting.
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 from 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.
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.
Queanbeyan was Hotspot of the Week on 18 June 2019