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Suburb Insights · NSW 2620

Queanbeyan West, NSW 2620 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Queanbeyan West is a regional centre in New South Wales, Australia, with a population of approximately 3,146, making it a boutique locality. Located approximately 247 km from the Sydney CBD, Queanbeyan West is a regional area in New South Wales. The median household income is $109,512 per year.

Investment Score

57 / 100 Moderate

Strong household incomes in Queanbeyan West underpin solid property demand. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Sydney
Queanbeyan West
New South Wales · 2620
247 km from Sydney CBD
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Key Indicators

Postcode
2620

Official Australia Post postcode for Queanbeyan West. A postcode may cover multiple suburbs.

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Population
3,146

Usual resident population at the most recent census.

Median weekly rent
$350/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$109,512/yr

Annual median household income (before tax) across all households.

Distance to CBD
247 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$2,000/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
67% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Why People Like Living in Queanbeyan West

Who Queanbeyan West Suits

👨‍👩‍👧FamiliesSchool count or dwelling mix is lighter here.
📊InvestorsRental coverage trails the state average.
🏡First-home buyersEntry costs sit at or below the New South Wales median.
💼ProfessionalsAround 247 km from the CBD with good access.

Pros and Cons

Pros

  • Rent sits within an affordable share of local incomes, supporting tenant demand.
  • Mortgage costs are lower than the New South Wales median, improving cash-flow margins.
  • Solid transport links into employment hubs.

Cons

  • Long distance to the CBD (247 km) — plan for commute time or local employment.
  • Fewer schools inside the suburb itself — verify catchments for neighbouring areas.

Investment Insight

Queanbeyan West is a smaller community of 3,146 — about 59% of the New South Wales suburb median (5,325) — so investors should factor in the narrower buyer pool and longer average time-on-market. Households here earn $109,512/year on average — 12% above the NSW suburb median of $97,552 — a modest premium that supports resilient owner-occupier demand. Rent of $350/week (76% coverage of the $2,000/month median mortgage) leaves a gap of roughly $483/month that a typical investor bridges with negative gearing, depreciation and capital growth. Queanbeyan West is 247 km from Sydney, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.

Investment Tip

Regional property can deliver strong cash-flow yields but liquidity is tighter — plan for longer hold periods and verify local employment stability. Local rents consume roughly 17% of household income — a useful sanity check on tenant affordability.

Queanbeyan West vs New South Wales Median

How Queanbeyan West stacks up against the median of all New South Wales suburbs in our dataset. Positive values mean Queanbeyan West sits above the state median; negative means below.

MetricQueanbeyan WestNSW medianΔ vs state
Population3,1465,325-41%
Median household income$109,512/yr$97,552/yr+12%
Median rent (weekly)$350$430-19%
Median mortgage (monthly)$2,000$2,167-8%
Distance to CBD247 km45 km+449%
Separate houses67%76%-9pp

Investor Checklist

Pre-inspection briefing for Queanbeyan West — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

⚠️
Buy & Hold

Moderate buy-and-hold potential: Queanbeyan West's 3,146-person market and $109,512 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.

⚠️
Rental Yield

Moderate rental coverage: rent of $350/week covers 76% of a $2,000/month mortgage, leaving a $483/month gap that an investor bridges with equity, depreciation and tax benefits.

⚠️
Renovation / Flip

With 67% houses in a 3,146-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Queanbeyan West property

Full Property Analysis

30-year projections for Queanbeyan West

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Capital-growth expectations for Queanbeyan West are modest for 2026 — incomes 12% above the NSW median of $97,552 and a population of 3,146 suggest gains will lag headline metro markets. Rental coverage runs at ~76% of the typical mortgage ($1,517/month rent vs $2,000/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 57/100 places Queanbeyan West in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.

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Frequently Asked Questions

Is Queanbeyan West a good suburb for investment?

Queanbeyan West scores 57/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 3,146, median household income of $109,512/year and median weekly rent of $350. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Queanbeyan West?

The main demand drivers in Queanbeyan West are an above-state-median household income of $109,512/year, a dwelling mix that is 67% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Queanbeyan West?

Queanbeyan West has a usual resident population of approximately 3,146, compared with a New South Wales suburb median of 5,325 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Queanbeyan West from the Sydney CBD?

Queanbeyan West sits 247 km straight-line from the Sydney CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Queanbeyan West?

The most recent census recorded a median weekly rent of $350 in Queanbeyan West, equating to approximately $18,200/year in gross rental income (state median $430/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.

What is the typical mortgage repayment in Queanbeyan West?

The median monthly mortgage repayment in Queanbeyan West is $2,000, or approximately $24,000/year (vs $2,167/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Queanbeyan West cash-flow positive for investors?

A median weekly rent of $350 works out to $1,517/month, covering 76% of the median mortgage repayment of $2,000/month. That leaves a $483/month shortfall (around $5,796/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Queanbeyan West?

The main risks are a thin buyer pool (3,146 residents), interest-rate sensitivity on the $2,000 median mortgage, the broader New South Wales market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Queanbeyan West profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

Nearby Suburbs

New South Wales Property Resources