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Mirriwinni Property Data December 2021

Updated 15 December 2021

Mirriwinni Property Sales Overview

The median property value in Mirriwinni for December is $237,350.

Houses have increased by 0.94% for the month and decreased 0% for the year.

Rental demand is up with yields decreasing in February to 7.55%, from 7.81% 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 6 indicating weaker demand.

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

The median property value for houses in Mirriwinni is $237,350.

This is an increase of 0.94% ($235,150) from last month.

Median price looking back 12 months

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

Rent prices in Mirriwinni are the highest they've been in 12 months at $443.

This is up 11.87% from a 12 month low of $396 in December 2020 and a 0.68% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Mirriwinni?

Rental yields for houses in Mirriwinni is 7.55%.

This is the same from a 12 month low of 7.55% in December 2021 and down from a 12 month high of 8.29% in March 2021.

Rental yield looking back 12 months

How many properties sold in Mirriwinni in February?

Total sales volume in Mirriwinni 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 Q2 2020 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 5 sales in Q2 2021.

Quarterly volume of sales looking back 5 years

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

28 days is the average time on market in Mirriwinni in December, which is the same from 28 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 Mirriwinni?

December sees the vendor expectation error for Mirriwinni at -0.5% which means, on average, places sold for -0.5% 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 -0.5% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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