QLD / Logan (C) / 4207 / Cedar creek

Cedar Creek Property Data December 2021

Updated 15 December 2021

Cedar Creek Property Sales Overview

The median property value in Cedar Creek for December is $940,842.

Houses have increased by 1.94% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 3.96%, from 3.94% in January.

The number of properties sold this quarter is down on last quarter from 5 to 1. This is down on the 5 year quarterly average of 12 indicating weaker demand.

What's the median House price in Cedar Creek in December 2021?

The median property value for houses in Cedar Creek is $940,842.

This is an increase of 1.94% ($922,947) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Cedar Creek?

Rent prices in Cedar Creek are the highest they've been in 12 months at $632.

This is up 17.25% from a 12 month low of $539 in December 2020 and a 2.27% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Cedar Creek?

Rental yields for houses in Cedar Creek is 3.96%.

This is up from a 12 month low of 3.94% in November 2021 and down from a 12 month high of 4.2% in April 2021.

Rental yield looking back 12 months

How many properties sold in Cedar Creek in February?

Total sales volume in Cedar Creek is 1, which is down from 5 in the previous quarter.

This is 1.00% stronger than the weakest quarter in the last 5 years which was Q1 2020 with 0 sales and -83.33% weaker than the strongest quarter in the past 5 years which saw 6 sales in Q2 2021.

Quarterly volume of sales looking back 5 years

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

13 days is the average time on market in Cedar Creek in December, which is up from 12 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 Cedar Creek?

December sees the vendor expectation error for Cedar Creek at 4.6% which means, on average, places sold for 4.6% 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 4.6% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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