Just thought i'd put in my two cents...
I bought a townhouse in Queanbeyan end of 07 and stayed in it whilst i worked and renovated the place. Moved jobs last month (to Melb - yay!), so have now rented it out, to a Defence member.
Queanbeyan is a large suburb with vast differences in the sort of people you will find in some areas. However, when i was looking for my place there were a lot of 'decent' looking people and families at auctions and open for inspections, as property prices in Canberra are forcing people to look for more affordable places to live. Why pay double for a home which is further away...(not like there are beaches out there
)
Queanbeyan is ideal for people working in fyshwick, HQJOC (new Defence base out in Bungendore) and Brindabella Business Park (next to airport). In my research saw the latter two workplaces as reason for improvements in Queanbeyan, and i believe this was proven when i got a tenant in paying $370(place cost me $300k and i did around $15k work on it).
Despite the fact that it only takes 10-15 minutes to get to the city, a lot of people snub their noses at the area because of some of the 'bogans' which are common in areas, such as Karabar. Although i think the area will always have that stigma, i think it is going through a vast change. Personally, i loved always driving past the airport to work in free-flowing traffic as opposed to the banked up (single lane) road from Gunghalin.
On the other hand, mates of mine rented in Woden and Kingston respectively. The one in kingston paid $420 for a 2 bed apartment which was in bad condition, no a/c, only old electric heaters, balcony with view of a bricvk wall, and it was opposite the closed down old government housing block. Cant recall the name of the area, but there were stabbings and lots of drug problems there, as they lumped a lot of the undesirables there thinking they could be monitored easier. Queanbeyan isnt the only place with 'bogans'
The other paid $400 and lived in an apartment overlooking the golf course on the way to woden. Was much nicer and trip in to the city took slightly more time than mine.
I think it depends on how much you are willing to pay for rent, travel times you want, and whether you care about the stigma of living in 'not so good' areas. I believe a lot of Canberrans are very much in to 'i live here and i work in this department' and have their own groups depending on these. Would rather rent in a 'nice' area than buy a house in a not so nice area
No offence to those on here, as i am sure you are not like that
Sorry for the rant