QLD / Gold Coast (C) / 4212 / Hope island

Hope Island Property Data December 2021

Updated 15 December 2021

Hope Island Property Sales Overview

The median property value in Hope Island for December is $928,005.

Houses have increased by 2.25% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 3.59%, from 3.49% in January.

The number of properties sold this quarter is down on last quarter from 67 to 4. This is down on the 5 year quarterly average of 108 indicating weaker demand.

What's the median House price in Hope Island in December 2021?

The median property value for houses in Hope Island is $928,005.

This is an increase of 2.25% ($907,546) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Hope Island?

Rent prices in Hope Island are the highest they've been in 12 months at $702.

This is up 18.98% from a 12 month low of $590 in December 2020 and a 3.08% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Hope Island?

Rental yields for houses in Hope Island is 3.59%.

This is up from a 12 month low of 3.49% in November 2021 and down from a 12 month high of 4% in April 2021.

Rental yield looking back 12 months

How many properties sold in Hope Island in February?

Total sales volume in Hope Island is 4, which is down from 67 in the previous quarter.

This is -55.56% weaker than the weakest quarter in the last 5 years which was Q4 2018 with 9 sales and -89.74% weaker than the strongest quarter in the past 5 years which saw 39 sales in Q1 2017.

Quarterly volume of sales looking back 5 years

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

16 days is the average time on market in Hope Island in December, which is up from 15 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 Hope Island?

December sees the vendor expectation error for Hope Island at 3.8% which means, on average, places sold for 3.8% 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 3.8% as things can move pretty quickly.

Vendor expectation error looking back 12 months
Schedule a Call