Queanbeyan East (NSW 2620) in Focus 2026: Is It a Good Investment? R-Score 95/100, 5% Yield & Best Streets

Market Classification: High-Yield & Momentum Sweet Spot · R-Score: 95/100 (National Rank #782 of 15,286) · Street Average: 30/100 across 66 streets.

In a 6%+ interest rate environment, most Australian suburbs force investors to choose between capital growth momentum and holding cashflow. Queanbeyan East is one of the rare markets in NSW currently delivering both: a 95/100 R-Score paired with a 5% gross rental yield at a $680,000 median price. That yield profile preserves bank borrowing serviceability so investors can sequence their next acquisition without a punishing cashflow deficit.

“I would not let the 5% gross yield do all the talking here. With houses taking 150 days to sell and the typical 80% LVR property running at negative $148 a week, I would be very particular about street selection and keep a realistic cash buffer.”

Looking for the live, monthly-updated numbers? The Queanbeyan East (NSW) suburb profile tracks the current median house price, rent, vacancy and R-Score, and the Queanbeyan East street-by-street scores rank every street. This article is our investment analysis of what those numbers mean.

Below is our full October 2026 quantitative and street-level breakdown for Queanbeyan East (NSW 2620), combining 36 months of settled price and rental history from our Aurora research warehouse, council-level supply and employment data for Queanbeyan-Palerang Regional (NSW), and block-by-block ABS 2021 Census SA1 tenure and yield rankings across 4,068 residential addresses.

1. Queanbeyan East (NSW) 3-Year Market Trajectory & 27-Indicator R-Score (October 2026)

As of October 2026, Queanbeyan East records a settled median house price of $680,000. On the rental side, median weekly asking rents moved -6.5% over the past year to $650/wk, equating to a 5% gross rental yield. Compared with 12 months ago—when Queanbeyan East carried an R-Score of 38/100—its current composite R-Score of 95/100 represents a +57-point shift in underlying market pressure.

Indicator / R-Score Pillar	Queanbeyan East (NSW) Current	12-Month / 36-Month Context
Composite Suburb R-Score	95 / 100	Ranked #782 of 15,286 suburbs (was 38/100 12m ago)
Median House Price	$680,000	12m change: -19%
Median Weekly Rent & Gross Yield	$650/wk (5%)	12m rent change: -6.5%
Rental Vacancy & Days on Market	0.8% vacancy	Median selling time: 150 days on market (1.5% vacancy is the tight-market line)
Pillar 1: Buyer Demand	36 / 100	Measures days-on-market compression, vendor discounting & sales velocity
Pillar 2: Supply & Ownership	31 / 100	Measures stock on market, building approvals vs stock & owner-occupier share
Pillar 3: Price Momentum	68 / 100	Measures short/medium-term price velocity vs Queanbeyan-Palerang Regional & NSW
Pillar 4: Yield Pressure	66 / 100	Measures gross rental yield, rent trajectory & vacancy compression

2. The “Two-Speed Suburb” Test: Best & Worst Streets in Queanbeyan East (NSW)

Why do two 4-bedroom houses in Queanbeyan East achieve completely different bank valuations and tenant quality? Because suburb medians blend every pocket together. When we map all 4,068 addresses across 66 streets in Queanbeyan East through G-NAF to their ABS 2021 Census SA1 blocks, the suburb splits into three distinct tiers:

• Strong Street Profile (Score 75–100): 12 streets (24% of scored streets) pass both ABS Census tenure tests (owner-occupiers >65% and public housing ≤5%) plus at least one—or both—of the Queanbeyan East rent and yield benchmarks.
• Mid / Mixed Street Profile (Score 50–74): 3 streets pass the core owner-occupier and public-housing thresholds but sit below the suburb median on weekly rent or yield.
• Weaker / Caution Street Profile (Score 0–25): 35 streets fail one or both census tenure thresholds—meaning either owner-occupation sits at or below 65% or state/community public housing exceeds 5% on those specific SA1 blocks.

Top 5 Highest-Scoring Streets in Queanbeyan East (NSW)

These streets sit in SA1 census blocks with high homeowner pride of ownership, minimal social housing concentration, and strong block-level rents (inspect all 66 streets in Queanbeyan East):

Top Street in Queanbeyan East	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Rent & Yield
#1 Elizabeth Crescent	100/100	67	66%	0%	$540/wk (5.7%)
#2 Warroo Street	100/100	21	66%	0%	$540/wk (5.7%)
#3 Hybon Avenue	100/100	20	66%	0%	$540/wk (5.7%)
#4 Carwoola Place	100/100	17	66%	0%	$540/wk (5.7%)
#5 Regent Drive	100/100	8	66%	0%	$540/wk (5.7%)

Streets Where Block-Level Tenure Trails the Queanbeyan East Average

By contrast, the streets below run through SA1 census blocks that fail one or more of our tenure or rental tests. A lower Street Score is not a judgement of any individual house, but it highlights where higher renter turnover or public housing concentration exists within Queanbeyan East:

Caution Street Sample	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Median Rent
Mulloon Street	0/100	51	39%	22.5%	$650/wk
Pound Street	0/100	38	43%	13.8%	$550/wk
Blundell Street	0/100	27	43%	13.8%	$550/wk

3. Economic & Supply Drivers in Queanbeyan-Palerang Regional Council (New South Wales)

Queanbeyan East sits within the Queanbeyan-Palerang Regional Local Government Area, which has a residential population of approximately 67,633 (+5.4% population movement over the past 3 years) and 24,037 total dwellings. Three council-level fundamentals shape Queanbeyan East’s medium-term outlook:

• Local Employment Diversity (ABS Census): The largest employment sectors across Queanbeyan-Palerang Regional are Construction (15%), Public Administration and Safety (13%), Health Care and Social Assistance (10%), Retail Trade (9%). Multi-sector employment reduces reliance on any single employer or commodity cycle.
• New Building Approvals vs. Existing Stock: Over the latest 12-month financial year, Queanbeyan-Palerang Regional approved 1.5% new dwelling stock (~388.456 dwellings). Because annual additions sit under 1.8% of stock, incoming supply is constrained relative to tenant and buyer demand.
• Tracked Infrastructure Pipeline: Queanbeyan-Palerang Regional currently has $2.2 billion in tracked major infrastructure projects (placing it in the 59th percentile of Australian councils).

4. Worked Cashflow, Deposit & 80% LVR Stress-Test for Queanbeyan East (October 2026)

What does it actually cost to acquire and hold a typical house in Queanbeyan East at today’s median price of $680,000 and median rent of $650/wk? Below is the baseline 80% Loan-to-Value Ratio (LVR) model we use to stress-test serviceability before shortlisting a property:

Cashflow & Capital Item	Queanbeyan East Worked Figure	Assumptions & Notes
Purchase Price (Suburb Median)	$680,000	Settled house median as of October 2026
20% Deposit + Est. Stamp Duty & Costs	$168,640	$136,000 deposit (80% LVR) + ~$32,640 stamp duty, legal & inspection allowance (can be funded via usable home equity)
80% LVR Loan Amount	$544,000	Standard no-LMI investor loan threshold
Gross Annual Rental Income	$33,800/yr ($650/wk)	5% gross rental yield before vacancies and expenses
Est. Annual Interest + Operating Costs	$41,480/yr	Assumes 6.25% interest-only ($34,000/yr) + ~1.1% for council rates, insurance & property management ($7,480/yr)
Pre-Tax Weekly Cashflow Position	-$148/wk top-up	Before tax deductions / depreciation (confirm post-tax position with your accountant)

5. Who Should Buy in Queanbeyan East—And 3 Rules Before You Make an Offer

Rare Convergence of 5%+ Gross Rental Yield and Top-Quartile Demand. Based on our October 2026 data, Queanbeyan East is best suited to first-time property investors, homeowners unlocking $150k–$250k in equity, and second/third property buyers who need strong rental yield (5%) to preserve bank borrowing capacity while capturing capital growth.

1. Never Buy Blind on the Suburb Median: In Queanbeyan East, 35 streets score below 50/100 on our census tenure and yield tests. Always run the exact street through the Queanbeyan East Street Score Hub and target the 12 streets scoring 75–100/100.
2. Check Lot-Level Overlays (Flood, Bushfire, Slope & Easements): Even on a 100/100 streetlike Elizabeth Crescent, individual lots can carry overland flow paths, steep gradients, or sewer easements that restrict granny-flat additions or spike insurance premiums.
3. Price Against Street-Matched Settled Comparables: Do not let a selling agent justify an asking price on a 25/100 street using comparable sales from a 100/100 street. Compare settled sales within the same SA1 Street Score band.