Question 1

Is Crestwood a nice place to live?

Accepted Answer

Crestwood sits on the NSW side of the ACT border as a residential suburb of Queanbeyan. It has a calm, settled character of mostly single-family brick homes on tree-lined streets, many with established gardens and modest yards. Residents are well connected: main roads and regular bus services link to Queanbeyan and Canberra, and daily errands are covered by neighbourhood shops, parks and sporting fields.

Home to 4,936 people with a median age of 35, Crestwood is weighted towards couple households, both with and without children, and most dwellings are owner-occupied while 42.7% are rented. There are several council-managed open spaces — Railway Park with a playground, skate and BMX facilities, Freebody Recreational Reserve with sports ovals and cricket pitches — and the Queanbeyan District Hospital serves the area. A small seniors housing project for 10 independent-living units has been approved. Whether Crestwood suits you depends on what you’re after.

Question 2

Is it expensive to live in Crestwood?

Accepted Answer

At about 10 times a typical local annual household income at the last Census, the median house price in Crestwood sits well above what households there earned at the last Census. On the rental side, a house at $650 a week would take roughly 37.8% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $430 a week would take about 25.0%, a moderate share.

If you are weighing renting versus buying in Crestwood, the figures show buying is substantially stretched against incomes recorded at the last Census, while renting — particularly a unit — takes a smaller share of a typical local household income. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Crestwood a good place to invest?

Accepted Answer

If you are looking at Crestwood as an investment, the past 12 months show rental income rising faster than property values. House rents increased 4.8% and unit rents increased 4.9%, both modest rises, while median house values edged up 1.3% and unit values rose 2.2% over the year.

In other words, rents outpaced capital growth on both property types this year, and unit prices grew more than house prices while rental growth was almost the same for houses and units. Whether that pattern suits your aims depends on whether you are prioritising rental income or capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$892K	$350K
Change in value Past 12 months	1.3%	2.2%
Sold Past 3 months	17	13
Median days on market Past 12 months	53	43
Average rent Past 12 months	$650	$430
Change in rent Past 12 months	4.8%	4.9%

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