Stake your claim in Canberra's surrounding Queanbeyan region
Cross border Queanbeyan is hitting price rise highs with buyers from Canberra and further afield staking their claims in this popular NSW regional town.
Stephen Thompson of LJ Hooker Manuka says the historical price gap between cross border neighbours has narrowed dramatically during the COVID-19 crisis.
“The average price in the detached home sector is now comparable at around the $1 million mark as it is in Canberra for a quality four-bed, two-bathroom home,” he says.
“Factors at play include tight supply and a pool of motivated buyers competing to acquire a property.”
Thompson says further factors include an element of discovery.
“Many potential buyers say they never realised Queanbeyan had pockets of gems like those on the river where the cover property is located,” he says.
“And council rates can be a third of what they are for similar standard properties in Canberra.”
Area specialist Gavin Van Zyl of White Rhino Property says the local market is running red hot.
“Prices have risen up to 50 per cent over the past 18 months and they are selling a lot faster,” he says.
“As an example, we sold 14 properties in one nine-day period this month, all at prices beyond vendor expectations.”
Van Zyl says the apartment market is equally hot with prices for a two-bedroom unit increasing from $350,000 to around $500,000 within a couple of years.
“There’s a strong appetite from investors because of healthy yields due to low vacancy rates,” he says.
- Mind the gap: The historical price gap between Canberra and Queanbeyan has narrowed considerably over the past 18 months. Tight supply has sent prices soaring.
- Choice: Queanbeyan, Jerrabomberra and Googong all have distinct identities. Queanbeyan offers character homes and established stock on bigger blocks, Jerrabomberra has many big, ’90s-style family homes while Googong showcases the latest styles.
- Location: Buyers can enjoy the advantages of living in a NSW regional town while being about 15 minutes from the airport or the Inner South – closer than many Canberra suburbs.
Check out our top pick of Queanbeyan homes for sale:
Queanbeyan
Game, set and match – a Queanbeyan home packed with character and amenity, packaged and delivered to you with a full-sized tennis court and a sought-after riverbank location.
All that and a home perfectly positioned just moments from the thriving Queanbeyan town centre and a range of quality schools.
This four-bedroom home presents a Federation-style facade and characteristic covered verandah with a white painted timber balustrade.
Entry passes through a bedroom zone highlighted by a main with bay window, en suite and walk-in wardrobe. There are three further bedrooms, two with built-in robes. They share a generous main bathroom, complete with a full-sized bathtub and separate shower.
The passage flows into the living spaces where there’s a separate formal dining room that opens onto both enclosed verandahs, as well as a spacious lounge room, also with double-door verandah access.
The kitchen has recently been updated with appliances including a 900-millimetre oven and induction cooktop. It offers a generous stone benchtop and ample storage including a walk-in pantry.
Other house features include extensive under-house storage, ducted heating and cooling, plantation shutters and a gas fireplace
Adjacent to a double carport is a separate office and retreat that could be adapted to suit many options.
The social set will enjoy the amenity of the full-sized tennis court and beyond that – perhaps throwing a line into the river from your private stretch of riverbank.
Price guide: $1.7 million-$1.9 million
Auction: 10am, February 5
Agent: LJ Hooker Manuka, Stephen Thompson 0418 626 254
Or try these:
Jerrabomberra
Price guide: $1.2 million- $1.3 million
Auction: 5pm, February 5
Agent: Belle Property Canberra, Dan McAlpine 0401 005 282
Queanbeyan
Price guide: $649,950
Private sale
Agent: Ray White Queanbeyan/Jerrabomberra, Mike Boyle 0425 544 664
Karabar
Auction: 6pm, February 3
Agent: Hayman Partners, Chris Hetherington 0422 636 353
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