Green Island Property Sales Overview
The median property value in Green Island for December is $540,614.
Houses have increased by 1.08% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 4.89%, from 4.98% in January.
The number of properties sold this quarter is the same on last quarter from 0 to 0. This is the same on the 5 year quarterly average of 0 indicating no change in demand.
What's the median House price in Green Island in December 2021?
The median property value for houses in Green Island is $540,614.
This is an increase of 1.08% ($534,821) from last month.
How much does it cost to rent a House in Green Island?
Rent prices in Green Island are the highest they've been in 12 months at $501.
This is up 8.91% from a 12 month low of $460 in December 2020 and a 0.40% up from last month.
What's the current rental yield in Green Island?
Rental yields for houses in Green Island have decreased in December for the 2nd consecutive month.
This is up from a 12 month low of 4.85% in September 2021 and down from a 12 month high of 5.12% in February 2021.
How many properties sold in Green Island in February?
Total sales volume in Green Island 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 0% the same than the strongest quarter in the past 5 years which saw 0 sales in Q3 2021.
How long did it take to sell a property in Green Island in February?
19 days is the average time on market in Green Island in December, which is up from 18 in November.
This indicates a competitive market for buyers where the more organised you are the better chance you have of securing.
Are properties selling below or above the listing price in Green Island?
December sees the vendor expectation error for Green Island at 1.3% which means, on average, places sold for 1.3% more than the listing price.
This is handy to know as a buyer to set your expectation and to give you a more realistic view of what you might expect properties to sell for on auction day.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the 1.3% as things can move pretty quickly.