What is the true cost of buying an apartment in Queanbeyan?

The median apartment in Queanbeyan is $485,000. Including stamp duty ($16,355), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $41,924, or $3,494/month.

What does it really cost to buy a house in Queanbeyan?

The median house in Queanbeyan is $720,000. True first-year cost including stamp duty ($26,930), rates, insurance, maintenance, and mortgage repayments is approximately $52,392.

What is the vacancy rate in Queanbeyan?

Queanbeyan currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Queanbeyan

2620 NSW · 290km to CBD

Stable

A decision, not just a search · Queanbeyan

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
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What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Queanbeyan (2620), NSW, presents a compelling profile for astute real estate investors and lifestyle seekers, strategically positioned as a robust regional hub with strong ties to the ACT. The median house price of $720,000 and unit price of $485,000 offer a more accessible entry point compared to its Canberra neighbours, yet still reflect a healthy market. With a significant population of 42,000 and a median income of $85,000, the suburb demonstrates a solid economic foundation and a stable demographic. Its impressive Investment Score of 78.0/100 and Growth Potential of 82.0/100 highlight its attractiveness for capital appreciation and rental returns. The healthy rental yield for houses at 4.2% and a low vacancy rate of 1.8% underscore a strong rental market, indicating consistent demand from tenants. While its 290km distance from the Sydney CBD positions it as a regional centre rather than a commuter suburb, its proximity and connectivity to Canberra are its defining features. Lifestyle amenities are well-balanced, with a respectable Walkability Score of 65.0/100, good Schools Rating of 7.0/10, and a high Safety Rating of 8.0/10, making it an appealing choice for families and individuals seeking a community-oriented environment with urban conveniences. Queanbeyan is evolving, shedding its 'satellite town' image to become a vibrant, self-sufficient city with ongoing infrastructure development and a growing local economy that promises continued stability and growth.

Strong Investment and Growth Potential scores indicate a robust market for capital appreciation.Healthy rental yield (4.2% for houses) combined with a very low vacancy rate (1.8%) points to a strong and desirable rental market.Accessible median house and unit prices compared to the adjacent Canberra market, offering relative affordability.Solid population base (42,000) and healthy median income ($85,000) support local amenities and economic stability.High Safety Rating (8.0/10) and good Schools Rating (7.0/10) enhance its appeal for families and long-term residents.

Market Snapshot

Median House

$720K

+8.5% 1yr

Median Apartment

$485K

+7.2% 1yr

Median Townhouse

$620K

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

5.1%

Yield (House)

4.2%

Auction Clearance

72%

Population

42,000

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$3,494/mo

Purchase Price

$485,000

Stamp Duty

$16,355

1st Year Total

$41,924

House

$4,366/mo

Purchase Price

$720,000

Stamp Duty

$26,930

1st Year Total

$52,392

Townhouse

$3,977/mo

Purchase Price

$620,000

Stamp Duty

$22,430

1st Year Total

$47,720

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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