Question 1

Is Queanbeyan a nice place to live?

Accepted Answer

Queanbeyan sits on the New South Wales side of the ACT border around the Queanbeyan River, with a compact CBD of shops, cafés and civic buildings and streets near the centre that show strong Victorian and federation-era character. Surrounding suburbs have more recent residential estates and layouts that suit families, while parks and riverfront reserves provide space for walking, sport and weekend markets. Local schools, community facilities and sporting clubs are part of everyday life, and many residents work locally or commute to Canberra.

Home to 6,409 people with a median age of 38 and a median household income of $1,693 a week (about $88,036 a year), Queanbeyan is made up mostly of families and is more often owner-occupied than rented. Ongoing council and state projects, including a completed showground pavilion, upgrades to sporting and school facilities and planned transport improvements, point to continued civic investment; whether it suits you will come down to what you want from a regional centre with city access.

Question 2

Is it expensive to live in Queanbeyan?

Accepted Answer

House prices in Queanbeyan 2620 sit above what local households were earning at the last Census. A median house price of $780,000 is about 8.9 times a typical local household's annual income as recorded at the most recent Census, while the median unit price of $432,500 is about 4.9 times that annual income.

Looking at rents, a house at $633 a week would take about 37.4% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $443 a week would take about 26.2%, a moderate share. On these figures, buying a house is more stretched against local incomes than renting, and whether that feels expensive depends on your own 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 Queanbeyan a good place to invest?

Accepted Answer

Over the past 12 months the clearest feature is strong value growth: median house values climbed 12.7% and median unit values rose 11.6%. Rents moved more gently in Queanbeyan, with house rents up a modest 2.1% and unit rents up a solid 5.5%, so price gains have outpaced rental growth and unit rents rose faster than house rents this year. Which of those movements matters most will depend on whether you are prioritising capital growth or rental income.

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	$780K	$433K
Change in value Past 12 months	12.7%	11.6%
Sold Past 3 months	29	22
Median days on market Past 12 months	56	50
Average rent Past 12 months	$633	$443
Change in rent Past 12 months	2.1%	5.5%

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