QLD / Cairns (R) / 4871 / Forsayth

Forsayth Property Data December 2021

Updated 15 December 2021

Forsayth Property Sales Overview

The median property value in Forsayth for December is $136,059.

Houses have increased by 1.03% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 8.59%, from 8.39% in January.

The number of properties sold this quarter is the same on last quarter from 0 to 0. This is down on the 5 year quarterly average of 1 indicating weaker demand.

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

The median property value for houses in Forsayth is $136,059.

This is an increase of 1.03% ($134,667) from last month.

Median price looking back 12 months

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

Rent prices in Forsayth went up by 0.65% in December to $468 compared to $465 in November, down from a 12 month high of $472 in September 2021 and up from a 12 month low of $430 in March 2021.

Rental cost looking back 12 months

What's the current rental yield in Forsayth?

Rental yields for houses in Forsayth is 8.59%.

This is up from a 12 month low of 7.83% in April 2021 and down from a 12 month high of 8.73% in October 2021.

Rental yield looking back 12 months

How many properties sold in Forsayth in February?

Total sales volume in Forsayth is 0, which is the same from 0 in the previous quarter.

This is the same as the weakest quarter in the last 5 years which was Q3 2021 with 0 sales and -1.00% weaker than the strongest quarter in the past 5 years which saw 1 sales in Q1 2021.

Quarterly volume of sales looking back 5 years

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

54 days is the average time on market in Forsayth 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 Forsayth?

December sees the vendor expectation error for Forsayth 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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