17/12 Waniassa Street, Queanbeyan East NSW 2620
17/12 Waniassa Street, Queanbeyan East NSW 2620
2-bed unit | Secure strata complex | Mixed demand base | Gym & gardens | Flood overlay noted
This unit sits within a well-established low-rise complex that offers more than the typical apartment stock in Queanbeyan East. Two bathrooms, two parking spaces, and access to shared gym and landscaped gardens place it above the basic entry-level product common in the area. The complex appears to hold a stable mix of owner-occupiers and long-term residents, which supports a quieter, more settled living environment than high-turnover investor buildings. It suits first-home buyers seeking a secure foothold, downsizers wanting low-maintenance living without losing space, or investors targeting steady rental demand from cross-border commuters and local professionals.
The flood overlay on the site is the most material factor to weigh. It may affect insurance costs and could shape lender appetite, though it does not appear to have hindered prior sales in the complex. The unit’s asking position sits above the few visible same-complex sales, which may reflect a larger floor plan, better positioning, or upgraded finishes — but the exact differentiator is not clear from the available detail. Buyers should verify the specific floor level, aspect, and internal condition before forming a view on how the price aligns with the complex’s established value range.
Detailed Independent Property Report prepared by PropCred Analyst team for 17/12 Waniassa Street, Queanbeyan East NSW 2620
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Queanbeyan East is a spillover market for Canberra, drawing families, first-home buyers and commuting professionals seeking affordability, plus investors chasing unit yields. House medians sit near $885,000–$900,000, though annual growth data varies from -1.5% to 5%, indicating an inconsistent recent trend. Units median around $486,000 with yields up to 5.8%, while house rents range $550–$680 weekly. Houses move in about 50 days on average, with sales volume low at 26–62 annually. Demand is underpinned by Canberra proximity and rental demand, but supply is limited and affordability is stretched near the top of the price range. Rate sensitivity is high given investor reliance on yields. Future growth depends on continued spillover pressure.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 12/12 Waniassa Street sold $350,000 in 2021; 7/12 Waniassa Street listed around $500k–$540k | Property Price Band: $600,000–$700,000 | Value Drivers: floor plan size, parking allocation, internal condition, flood overlay impact
Bedrooms
3
Bathroom
2
Parking
2
Land
3067m²
URL has been copied successfully!