9/47 Booth Street, Queanbeyan East NSW 2620
9/47 Booth Street, Queanbeyan East NSW 2620
Tightly held 10-unit complex | 2-bed townhouse with garage | Strong owner-occupier tenure | Central Queanbeyan East position
This townhouse offers a genuinely practical configuration in an established, low-rise complex where stock rarely turns over. The 2-bed, 1-bath layout with secure parking and private outdoor space suits first-home buyers seeking a foothold near the Queanbeyan CBD, as well as downsizers wanting single-level or compact living without sacrificing a garage. Owner-occupiers have held here for over eight years on average, which points to a stable, well-cared-for building rather than a transient rental block. The location is the quiet strength: walkable to the river, parkland, and the golf course, with central Queanbeyan amenities close enough for daily errands. This is not a prestige product, but it competes well against newer units on price per square metre and ease of living, and it carries a rental appeal that keeps investor interest credible.
Value may hinge on how the interior compares against recently sold lots in the same building. Earlier sales at the complex suggest stronger presentation, such as updated kitchens and bathrooms, extra toilets, or renovated flooring, can lift a townhouse meaningfully above the base product. The building is now well into its mid-20s, so maintenance expectations should be factored in, and the lack of confirmed upgrades for this specific unit might mean a buyer needs to budget for refreshment. Location and the tightly held nature of the complex provide a reasonable safety net, but the final price will likely be shaped by internal condition and the quality of private outdoor space.
>> Comparable Sales: 5/47 Booth Street sold for $475,000; 8/47 Booth Street sold for $475,000 | Property Price Band: $450,000–$500,000 | Value Drivers: internal condition, layout, private outdoor space
Detailed Independent Property Report prepared by PropCred Analyst team for 9/47 Booth Street, Queanbeyan East NSW 2620
Checks found:
Value Risk
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2
Liquidity Risk
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1
Planning Risk
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1
Income Risk
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2
Execution Risk
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1
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.