QLD / Cairns (R) / 4871 / Yarrabah

Yarrabah Property Data December 2021

Updated 15 December 2021

Yarrabah Property Sales Overview

The median property value in Yarrabah for December is $399,337.

Houses have increased by 0.17% for the month and decreased 0% for the year.

Rental demand is up with yields decreasing in February to 6.54%, from 6.57% 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 Yarrabah in December 2021?

The median property value for houses in Yarrabah is $399,337.

This is an increase of 0.17% ($398,666) from last month.

Median price looking back 12 months

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

Rent prices in Yarrabah are the highest they've been in 12 months at $483.

This is up 11.81% from a 12 month low of $432 in December 2020 and a 1.05% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Yarrabah?

Rental yields for houses in Yarrabah is 6.54%.

This is up from a 12 month low of 6.42% in August 2021 and down from a 12 month high of 6.93% in March 2021.

Rental yield looking back 12 months

How many properties sold in Yarrabah in February?

Total sales volume in Yarrabah 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.

Quarterly volume of sales looking back 5 years

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

22 days is the average time on market in Yarrabah in December, which is up from 21 in November.

This indicates a competitive market for buyers where the more organised you are the better chance you have of securing.

Number of days on market looking back 12 months

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

December sees the vendor expectation error for Yarrabah at 0% which means, on average, places sold for 0% 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% as things can move pretty quickly.

Vendor expectation error looking back 12 months
Schedule a Call