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Thargomindah Property Data December 2021

Updated 15 December 2021

Thargomindah Property Sales Overview

The median property value in Thargomindah for December is $88,347.

Houses have decreased by -0.21% for the month and decreased 0% for the year.

Rental demand is the same with yields increasing in February to 8.34%, from 8.25% in January.

The number of properties sold this quarter is down on last quarter from 2 to 0. This is down on the 5 year quarterly average of 3 indicating weaker demand.

What's the median House price in Thargomindah in December 2021?

The median property value for houses in Thargomindah is $88,347.

This is a decrease of -0.21% ($88,534) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Thargomindah?

Rent prices in Thargomindah are the highest they've been in 12 months at $287.

This is up 14.80% from a 12 month low of $250 in February 2021 and a 0% the same from last month.

Rental cost looking back 12 months

What's the current rental yield in Thargomindah?

Rental yields for houses in Thargomindah have increased in December for the 2nd consecutive month.

This is up from a 12 month low of 7.67% in October 2021 and down from a 12 month high of 8.51% in December 2020.

Rental yield looking back 12 months

How many properties sold in Thargomindah in February?

Total sales volume in Thargomindah is 0, which is down from 2 in the previous quarter.

This is the same as the weakest quarter in the last 5 years which was Q1 2021 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 3 sales in Q4 2019.

Quarterly volume of sales looking back 5 years

How long did it take to sell a property in Thargomindah in February?

54 days is the average time on market in Thargomindah in December, which is the same from 54 in November and has been trending down since October 2021.

This can indicate a buyers market where sellers are finding it harder to make a sale.

Number of days on market looking back 12 months

Are properties selling below or above the listing price in Thargomindah?

December sees the vendor expectation error for Thargomindah at -3.6% which means, on average, places sold for -3.6% less than the listing price.

This is a great sign for buyers looking to negotiate.

It’s worth noting that in a hot market you might want to set your price expectations even higher than the -3.6% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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