Competition in Canberra Driving Queanbeyan’s Property Market

Competition in Canberra Driving Queanbeyan’s Property Market

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Just 20 minutes from Canberra City and with nature on your doorstep, more and more people are jumping on the trend and calling Queanbeyan their new home. Why? Because Queanbeyan offers the best of both worlds – country living with the practicalities of a big city. And with fewer traffic lights.

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According to Zango data, 6237 people now live in Queanbeyan. The median sale price of Queanbeyan is $460,000 compared to $500,000 in the ACT.

Director and Owner Brad O’Mara from Ray White Queanbeyan Jerrambomberra said the competition in Canberra is driving Queanbeyan’s affordability.

“The average price range in Canberra has increased dramatically and is pushing everyone to South Tuggeranong and Queanbeyan”, Mr O’Mara said.

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Mr O’Mara said he has noticed an increased trend in first home buyers tapping into the local market because they are drawn to the proximity to Canberra’s city and lifestyle on offer.

“We are seeing more first home buyers from Canberra because they are being priced out of the market”, Mr O’Mara said.

A four-bedroom house at 21 Cameron Road in Queanbeyan is set to head to auction on the 29th of April with a price range of $950,000.

21 Cameron Road QUEANBEYAN

“Put this house in Ainslie and it is worth $2.5 million,” said Mr O’Mara.

The 1927-inspired property features a fireplace, a formal dining room and living room, large bedrooms and is less than 1km away from the Queanbeyan Public School.

21 Cameron Road QUEANBEYAN

“People are seeing that there is better value and more for your dollar in Queanbeyan”.

You can view this beautiful home at 21 Cameron Road in Queanbeyan online. For further information, contact Ray White Queanbeyan Jerrabomberra Director Brad O'Maraon 0402 343 771.

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