QLD / Gladstone (R) / 4674 / Deepwater

Deepwater Property Data December 2021

Updated 15 December 2021

Deepwater Property Sales Overview

The median property value in Deepwater for December is $334,948.

Houses have increased by 0.91% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 5.11%, from 5.01% in January.

The number of properties sold this quarter is down on last quarter from 8 to 1. This is down on the 5 year quarterly average of 11 indicating weaker demand.

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

The median property value for houses in Deepwater is $334,948.

This is an increase of 0.91% ($331,940) from last month.

Median price looking back 12 months

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

Rent prices in Deepwater are the highest they've been in 12 months at $415.

This is up 14.01% from a 12 month low of $364 in December 2020 and a 1.72% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Deepwater?

Rental yields for houses in Deepwater is 5.11%.

This is up from a 12 month low of 4.96% in September 2021 and down from a 12 month high of 5.26% in June 2021.

Rental yield looking back 12 months

How many properties sold in Deepwater in February?

Total sales volume in Deepwater is 1, which is down from 8 in the previous quarter.

This is 1.00% stronger than the weakest quarter in the last 5 years which was Q3 2020 with 0 sales and -80.00% weaker than the strongest quarter in the past 5 years which saw 5 sales in Q4 2020.

Quarterly volume of sales looking back 5 years

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

26 days is the average time on market in Deepwater in December, which is down from 27 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 Deepwater?

December sees the vendor expectation error for Deepwater at -0.2% which means, on average, places sold for -0.2% 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 -0.2% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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