Beenleigh Property Sales Overview
The median property value in Beenleigh for December is $466,959.
Houses have increased by 2.24% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 4.71%, from 4.83% in January.
The number of properties sold this quarter is down on last quarter from 98 to 17. This is down on the 5 year quarterly average of 159 indicating weaker demand.
What's the median House price in Beenleigh in December 2021?
The median property value for houses in Beenleigh is $466,959.
This is an increase of 2.24% ($456,726) from last month.
How much does it cost to rent a House in Beenleigh?
Rent prices in Beenleigh are the highest they've been in 12 months at $413.
This is up 9.84% from a 12 month low of $376 in December 2020 and a 0.49% up from last month.
What's the current rental yield in Beenleigh?
Rental yields for houses in Beenleigh have decreased in December for the 3rd consecutive month.
This is the same from a 12 month low of 4.71% in December 2021 and down from a 12 month high of 5.31% in May 2021.
How many properties sold in Beenleigh in February?
Total sales volume in Beenleigh is 17, which is down from 98 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q4 2018 with 17 sales and -69.09% weaker than the strongest quarter in the past 5 years which saw 55 sales in Q2 2021.
How long did it take to sell a property in Beenleigh in February?
12 days is the average time on market in Beenleigh in December, which is the same from 12 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.
Are properties selling below or above the listing price in Beenleigh?
December sees the vendor expectation error for Beenleigh at 5% which means, on average, places sold for 5% 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 5% as things can move pretty quickly.
