Queanbeyan Property Market Update 2nd Half 2026
Queanbeyan is a vibrant regional city nestled on the doorstep of Canberra in New South Wales. Combining the convenience of city access with a welcoming atmosphere, Queanbeyan offers a relaxed lifestyle, local businesses, and a growing culture scene.
Property Trends
In Q2 2026, Queanbeyan recorded a median house price of $850,000 and a median unit price of $485,000. This represents an annual (Q2 2025 – Q2 2026) growth of 3.0% for houses, and higher growth of 12.8% for units. Comparing Q2 2025 and Q2 2026, sales declined by -2.2% (to 89 sales in Q2 2026) for houses and increased by 42.9% (to 140 sales in Q2 2026) for units. Market conditions suggest supply is constrained, particularly in the house market. This caused a spill-over to the unit market, now highly demanded. Combined, this has created a buffer against interest rate changes in 2026. With very little new housing to be built, buyers must act fast before any further price growth.
Project Development
Queanbeyan will see approximately $544.1M of new projects commencing construction in 2026. There are several new housing stock in the development pipeline (431 Units / Apartments, 110 Townhouses, 105 Dwellings), which will address some of the current demand. That said, it will take time to build all the required stock, especially with the current construction challenges. This suggests that on a short-term basis, more price growth for all property types is highly likely.
Rental Market & Growth
House rental yields in Queanbeyan were 3.6% as of June 2026, higher than the Queanbeyan-Palerang LGA (3.3%) and Sydney Metro (3.0%). Further, median house rental price increased by 1.6% in the past 12 months to Q2 2026, at $650 per week, with the number of houses rented also increasing by 4.5% (to 23 houses in Q2 2026). This indicates a highly demanded and competitive house rental market in Queanbeyan-Palerang LGA, which is beneficial to investors.
Vacancy Rates & Property Investment
Queanbeyan recorded a vacancy rate of 1.3% in June 2026, on par with Queanbeyan-Palerang LGA (1.3%) and below Sydney Metro’s 1.6%. Vacancy rates in the past 12 months fluctuated, with a slight increasing trend, due to more investors in the market. That said, a 1.3% vacancy rate is still well below the 3.0% benchmark. There is quicker occupancy of rental homes in Queanbeyan. This is a conducive environment for investors, even if the median house and unit sales prices (thus, entry prices) have increased in the past 12 months to Q2 2026.
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