12/43 Erin Street, Queanbeyan NSW 2620
12/43 Erin Street, Queanbeyan NSW 2620
1-bed, 1-bath, 1-car | North-facing with treed outlook | Lift-serviced boutique block | Strong rental yield potential | Central Queanbeyan walkability
This unit holds a clear competitive edge in Queanbeyan’s apartment market. The north-facing aspect and treed outlook are uncommon for a central location, giving it a quieter, more private feel than typical CBD stock. The lift-serviced building with secure parking, stone benchtops, dishwasher, and split-system heating/cooling places it above the older walk-up units that dominate the suburb’s lower-priced inventory. For a first-home buyer seeking low-maintenance living, a single professional wanting proximity to Canberra’s employment corridor, or an investor chasing the suburb’s strong rental yields, this apartment delivers a practical, amenity-rich package that should hold its appeal in resale.
Strata levies around $1,629 per quarter may feel meaningful against the rental return, so the monthly holding cost needs to sit comfortably within your budget. The unit’s value may also be influenced by the mix of older and newer stock on Erin Street — some neighbouring holdings are dated, which could temper price growth until the street upgrades further. The lack of confirmed school catchment data means families should verify this independently, though the central position offers everyday convenience that supports consistent tenant demand. The property’s final value will likely hinge on its internal condition and presentation relative to comparable one-bedroom units in the immediate area.
|| Comparable Sales: 33/43 Antill Street sold at $545,000–$565,000 (2-bed) | Property Price Band: $350,000–$450,000 | Value Drivers: North-facing aspect, lift-serviced building, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 12/43 Erin Street, Queanbeyan NSW 2620
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Queanbeyan sits as a Canberra-adjacent market with a population of 6,235, drawing a broad buyer mix similar to Queanbeyan West: families, first-home buyers, investors, singles, couples, and downsizers. House prices have softened, sitting at a median of roughly $873,500–$881,000 after a 1.52% annual decline, while units have fallen sharply at 8.51% to a $430,000 median. Houses took about 50 days to sell on 62 transactions, indicating a slower but functioning market. Gross rental yields support investors at 4.14% for houses and a stronger 6.1% for units, with median rents of $550 and $460 respectively. Future growth is anchored by diverse housing stock and a 5.9% ten-year compound growth rate in the wider area, though affordability pressures from high house prices and rate sensitivity remain the key constraints, evidenced by the recent unit price contraction.
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PropCred Estimated Value
Comparable Sales: 33/43 Antill Street sold at $545,000–$565,000 (2-bed) | Property Price Band: $350,000–$450,000 | Value Drivers: North-facing aspect, lift-serviced building, condition and presentation
Bedrooms
2
Bathroom
2
Parking
1
Land
1138m²
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