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“It’s stupidly expensive in Canberra — I might have to buy in Queanbeyan!”For years I’ve heard this quip around the office and among my friends in the market for a new home, and it’s always baffled me.Where did the perception that Queanbeyan is where you go to buy if you can’t afford to live in Canberra come from? Queanbeyan has always been pitched as Canberra’s older, poorer cousin but I’ve reviewed the data and it’s much cheaper to buy in several Canberra suburbs than it is to buy in little old Queanbeyan.<img alt="2-yuruga-close-karabar-nsw-2620-87700-image-0-20231004054636525281-crop-c0-5__0-5-1600x750-70" class="richtext-image full-width" height="375" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/2-yuruga-close-karabar-nsw-2620-87700-image-0-.width-800.jpg" width="800">The median house price in Queanbeyan in 2023 is $765,000 – so if you’re looking to live somewhere less expensive try Charnwood ($641,000), Holt ($740,000) or Banks (also $740,000). Even Ngunnawal is more affordable.So while they’re not strictly the cheapest properties on the market, homes in Queanbeyan do sit at the lower end of the median house price scale.<img alt="9-hirst-avenue-queanbeyan-nsw-2620-91218-image-0-20231123023135217593-crop-c0-5__0-5-1600x750-70" class="richtext-image full-width" height="375" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/9-hirst-avenue-queanbeyan-nsw-2620-91218-image.width-800.jpg" width="800">Add a “rural NSW town vibe” to the mix, and it’s a combination more and more Canberrans are seeking, according to Ian McNamee &amp; Partners sales agent Lucy MacGregor.“I would say a high percentage of our purchasers are from the ACT – we see a lot of first home buyers finding value for money in Queanbeyan,” Lucy says.“We typically have larger block sizes over here, and charming designs that are harder to find – and therefore harder to buy — in Canberra.<img alt="153-carwoola-street-queanbeyan-nsw-2620-87858-image-0-20231129040205093982-crop-c0-5__0-5-1600x750-70" class="richtext-image full-width" height="375" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/153-carwoola-street-queanbeyan-nsw-2620-87858-.width-800.jpg" width="800">“As prices rise in the ACT, people are realising just how conveniently positioned Queanbeyan is. It’s literally 15 minutes to Civic, Tuggeranong and Woden.”Ray White Queanbeyan sales agent Brad O’Mara remembers a time when it actually was a lot cheaper to buy in Queanbeyan than Canberra, but that gap has closed.<img alt="23-hakea-street-karabar-nsw-2620-89624-image-0-20231101223135222320-crop-c0-5__0-5-1600x750-70" class="richtext-image full-width" height="375" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/23-hakea-street-karabar-nsw-2620-89624-image-0.width-800.jpg" width="800">“We do see Canberra buyers coming out to our properties from as far as Belconnen, Weston and Tuggeranong,” Brad says.“It really depends on what each client wants. What are they looking for? What lifestyle do they want? What services do they need, if any? What budget do they have? Can that be found in the Queanbeyan region for cheaper?“In most cases, the answer is yes.“Myths are usually based on a generalised market median, and the reports show that the Queanbeyan region is more affordable.“Combine that with the great services we have here, and you’ve got an excellent value proposition.&quot;<a href="https://zango.com.au/sale/search/?listing_type=buy&amp;address_suburb=Queanbeyan,%202620,%20NSW&amp;surrounding=true&amp;order_by=-created&amp;property_status_groups=current,underOffer,includePrivate&amp;page=1" rel="nofollow" target="_blank">View our Queanbeyan region listings.</a>

Why do people still think it’s cheaper to buy in Queanbeyan?

Why do some Canberrans have a hard time admitting they&#x27;re cashed up bogans?You know what I mean. That Canberran at a wedding or a barbecue who tells you the suburb they live in, but then adds a little laugh and a disclaimer like: ‘But I live in the nice part.’Do you, though?Here are my favourite suburb deniers.<h3 data-block-key="acv8r">‘I don’t live in Queanbeyan, I live in Jerrabomberra.’</h3><img alt="200121_Jerrabomberra-1-1-810x540" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/200121_Jerrabomberra-1-1-810x540.width-800.jpg" width="800">In Queanbeyan, we affectionately refer to Jerrabomberra as ‘Queanbeyan Heights’. Okay, so you have a different postcode but you&#x27;re still the same as us: just in nicer cars. You pay your rates to Queanbeyan-Palerang Regional Council, and you shop at our Kmart, Chemist Warehouse and Spotlight!Aaaand you have your babies at Queanbeyan District Hospital! Baby Queanbeyanites right there!<h3 data-block-key="ci1r1">‘I don’t live in Kambah, I live at Gleneagles.’</h3><img alt="Gleneagles estate" class="richtext-image full-width" height="270" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Gleneagles_estate.width-800.png" width="800">Where do Kambah residents go to live when they’ve officially ‘made it’? Gleneagles Estate. Made up of just 57 properties facing and surrounding the Murrumbidgee Country Club, the exclusive estate was built off Kambah Pool Road and was Canberra’s first prestigious golf club estate.<img alt="Gleneagles ad" class="richtext-image full-width" height="1137" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Gleneagles_ad.width-800.png" width="471">The marketing of the estate in the early 1990s promised you could ‘Sink a few before dinner’ and opt to have a spa in your ensuite. Fancy.<h3 data-block-key="3ha2r">‘I live in Hawker, but at the top of the hill.’</h3><figure><img alt="28-marrakai-street-hawker-act-2614-72360-image-0-20221215020139544614-thumbnail-1920x1920-70" class="richtext-image full-width captioned" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/28-marrakai-street-hawker-act-2614-72360-image.width-800.jpg" width="800"><figcaption>28-marrakai-street-hawker-act-2614-72360-image-0-20221215020139544614-thumbnail-1920x1920-70</figcaption></figure>This home &#x27;on the hill&#x27; in Marrakai Street, Hawker, sold for $2.13 million.I’ve got news for you: the houses at the bottom of the hill are pretty expensive too.My best friend Emma lives at the bottom of the hill, and she’s one of the poshest people I know. Hawker is a coveted location, thanks to the suburb’s incredibly central location and its proximity to both suburban and cosmopolitan shopping centres (aka Hawker Shops and Belco Mall).The views from the top of Hawker are pretty spectacular though, so I understand why you’d pay a premium to live up there.<h3 data-block-key="4fhmh">‘We just bought at Golf Course Estate, it’s not really classed as Ngunnawal.’</h3><img alt="The Golf Course Estate Ngunnawalo" class="richtext-image full-width" height="282" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/The_Golf_Course_Estate_Ngunnawalo.width-800.png" width="800">Actually, yes. Yes it is.Firstly, welcome to the estate no-one could be bothered naming. Secondly, who even knew this area existed in Canberra? Apparently, it’s a small row of houses facing Gungahlin Lakes Golf Club. And here I was thinking Harcourt Hill and Nicholls were the only posh areas on the north side.I hear (from JT at MARQ Property) that properties in Golf Course Estate are tightly held and only come up for sale very, very rarely.

Queanbeyan and Canberra suburbs with hilarious ‘posh’ sections

It’s not every day you find a home where you can step out the back door, walk down to a private jetty and start boating around a secluded lake – especially in the Canberra region.<div>
 <iframe width="200" height="113" src="https://www.youtube.com/embed/-YBsSTcv7yk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen title="Zango Feature Property: 17 Lakeview Gardens JERRABOMBERRA"></iframe>
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Nestled at the end of a cul-de-sac between parkland and open water, the home, at the aptly named <a href="https://zango.com.au/sale/17-lakeview-gardens-jerrabomberra-nsw-2619-80227/" rel="nofollow" target="_blank">17 Lakeview Gardens, Jerrabomberra</a>, is exactly that. The house is available for the first time since being named Project Home of the Year by the Housing Industry Association in 1996, the same year it was built on the more than 1000sqm block overlooking Lake Jerrabomberra.“The fact that it’s backing onto the lake with its own jetty is something that’s incredibly rare in the region,” <a href="https://zango.com.au/agencies/lj-hooker-dickson/" rel="nofollow" target="_blank">LJ Hooker Dickson</a> licensed agent and auctioneer <a href="/agents/nic-salter-harding/">Nic Salter-Harding</a> says.“To my knowledge, it’s really only this precinct that has those features, and that’s just something you’re not used to seeing somewhere like Canberra.”<img alt="17-lakeview-gardens-jerrabomberra-nsw-2619-80227-image-0-20230518074637812731-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/17-lakeview-gardens-jerrabomberra-nsw-2619-802.width-800.jpg" width="800">The new owners will also be able to keep their watercraft of choice moored at their private jetty – as long as it doesn’t use a petrol motor (so think canoes, kayaks, paddleboats, or even a boat with an electric motor to take in the birdlife and picturesque leafy views up-close).Nic says you won’t have your peace disturbed either, with only one direct neighbour and little to no traffic coming through to the end of the cul-de-sac.“It’s really private, really quiet and it’s close to Canberra, about 15 minutes away, maybe 20 with traffic, and you’ve got the local shopping centre nearby,” Nic adds.<img alt="17-lakeview-gardens-jerrabomberra-nsw-2619-80227-image-0-20230518074638272949-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/17-lakeview-gardens-jerrabomberra-nsw-2619-802.width-800_CvdUokK.jpg" width="800">Built and designed by Classic Constructions, Nic says the interior of the “superbly constructed” four-bedroom home has been well-maintained and has stood the test of time.The home also features modern creature comforts, including a new air conditioning system, a keyless entry smart lock front door, an inter-house intercom and high-speed broadband.“As soon as you walk into the house, one thing you’ll notice is that it’s very open and very spacious, both in terms of the horizontal and the vertical space,” Nic says.<img alt="17-lakeview-gardens-jerrabomberra-nsw-2619-80227-image-0-20230518074640533977-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/17-lakeview-gardens-jerrabomberra-nsw-2619-802.width-800_E6N02Jj.jpg" width="800">“The first living room you enter showcases this best, where you’ve got soaring vaulted ceilings with windows right up from the floor to the ceiling.”Adjacent to the first living room is the house’s main living and dining wing, which leads into a kitchen and rumpus, all with views out to the water.Nic says the home’s multiple living areas are perfectly suited to families who all live together under one roof but still want their own private breakout areas.<img alt="17-lakeview-gardens-jerrabomberra-nsw-2619-80227-image-0-20230518074640904833-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/17-lakeview-gardens-jerrabomberra-nsw-2619-802.width-800_eVm8r5e.jpg" width="800">The master suite is no exception, with an elevated private mezzanine leading to the main bedroom and ensuite with a spa bath overlooking the lake.The remaining three bedrooms on the ground floor all have built-in robes and are conveniently positioned near the main bathroom, laundry and double garage.<img alt="17-lakeview-gardens-jerrabomberra-nsw-2619-80227-image-0-20230518074639531617-thumbnail-1920x1920-70" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/17-lakeview-gardens-jerrabomberra-nsw-2619-802.width-800_TveOYOT.jpg" width="800">“It’s the kind of home that you can appreciate in the photos to an extent, but you’ve really got to see for yourself to fully understand what is being offered,” Nic says.“It’s not something that you’ve likely seen before in the local market and it’s probably not something that you’ll see again for some time.”The home at 17 Lakeview Gardens, Jerrabomberra, goes to auction at 1.30pm on Saturday 17 June 2023.<a href="https://zango.com.au/sale/17-lakeview-gardens-jerrabomberra-nsw-2619-80227/" rel="nofollow" target="_blank">View the full listing.</a>Article originally written and published by <a href="https://the-riotact.com/incredibly-rare-award-winning-waterfront-home-just-outside-canberra-goes-to-auction/664168" rel="nofollow" target="_blank">The RiotACT.</a>

'Incredibly rare': Home backing onto Lake Jerrabomberra comes with a private jetty

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View important property information for 162 Waterfall Drive JERRABOMBERRA, NSW 2619

162 Waterfall Drive JERRABOMBERRA, NSW 2619 is for Sale on Zango

Simon Richards

Bill Lyristakis

JERRABOMBERRA

Greater Queanbeyan

ACT & Surrounds

A fabulous holding of approx 1299m2 with a desirable frontage and elevated views to the mountains. Perfect north-east aspect and ample room for a substantial family home, with original plans available. This offers an exceptional opportunity to create a truly stunning residential estate. 

Super convenient location being close to local schools, shops and main roads into the Queanbeyan CBD, Barton and Canberra CBD. Fabulous & Rare Opportunity.

- Land Size 1299m2 apx
- North-East facing
- One of the few last remaining vacant block of land within Jerrabomberra
- Great position within the heights of Jerrabomberra
- Previous house plans available upon request
- Site has been cut with footings poured and retaining wall constructed

Land size 1299m2 apx l Rates $3000pa

Sensational Land Holding of 1299m2

Berkely Residential

Population in Jerrabomberra is 9508, with a median age of 36. This is way below the Canberra average of 40.5 and way below the national 41.6

Your new suburb is very young

Compared to other areas, families (72%) are over represented and the amount of singles lower than national average

Perfect? Families Agree

A majority of 86% live in a house. Households are 3.1 people on average, seems like Jerrabomberra is the place to go for spacious living!

It's spacious too

Jerrabomberra

162 Waterfall Drive JERRABOMBERRA, NSW 2619

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Distance	School	Address
2.08 km	Jerrabomberra Public School	Coachwood Ave, Jerrabomberra 2619
3.91 km	The Anglican School Googong	136 Gorman Drive, Googong 2620

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162 Waterfall Drive JERRABOMBERRA, NSW 2619

Sensational Land Holding of 1299m2

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