QLD / Burdekin (S) / 4816 / Balgal beach

Balgal Beach Property Data December 2021

Updated 15 December 2021

Balgal Beach Property Sales Overview

The median property value in Balgal Beach for December is $315,794.

Houses have increased by 1.16% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 5.87%, from 5.81% in January.

The number of properties sold this quarter is down on last quarter from 25 to 4. This is down on the 5 year quarterly average of 34 indicating weaker demand.

What's the median House price in Balgal Beach in December 2021?

The median property value for houses in Balgal Beach is $315,794.

This is an increase of 1.16% ($312,166) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Balgal Beach?

Rent prices in Balgal Beach are the highest they've been in 12 months at $414.

This is up 10.99% from a 12 month low of $373 in January 2021 and a 0.73% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Balgal Beach?

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

This is up from a 12 month low of 5.76% in October 2021 and down from a 12 month high of 6.01% in December 2020.

Rental yield looking back 12 months

How many properties sold in Balgal Beach in February?

Total sales volume in Balgal Beach is 4, which is down from 25 in the previous quarter.

This is 33.33% stronger than the weakest quarter in the last 5 years which was Q2 2017 with 3 sales and -73.33% weaker than the strongest quarter in the past 5 years which saw 15 sales in Q3 2020.

Quarterly volume of sales looking back 5 years

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

25 days is the average time on market in Balgal Beach in December, which is down from 26 in November and has been trending down since December 2020.

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 Balgal Beach?

December sees the vendor expectation error for Balgal Beach at -0.8% which means, on average, places sold for -0.8% 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 -0.8% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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