Mount Warren Park Property Sales Overview
The median property value in Mount Warren Park for December is $538,052.
Houses have increased by 2.25% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 4.42%, from 4.46% in January.
The number of properties sold this quarter is down on last quarter from 44 to 12. This is down on the 5 year quarterly average of 120 indicating weaker demand.
What's the median House price in Mount Warren Park in December 2021?
The median property value for houses in Mount Warren Park is $538,052.
This is an increase of 2.25% ($526,196) from last month.
How much does it cost to rent a House in Mount Warren Park?
Rent prices in Mount Warren Park are the highest they've been in 12 months at $434.
This is up 10.43% from a 12 month low of $393 in December 2020 and a 0.46% up from last month.
What's the current rental yield in Mount Warren Park?
Rental yields for houses in Mount Warren Park have decreased in December for the 7th consecutive month.
This is the same from a 12 month low of 4.42% in December 2021 and down from a 12 month high of 4.98% in May 2021.
How many properties sold in Mount Warren Park in February?
Total sales volume in Mount Warren Park is 12, which is down from 44 in the previous quarter.
This is -7.69% weaker than the weakest quarter in the last 5 years which was Q1 2020 with 13 sales and -69.23% weaker than the strongest quarter in the past 5 years which saw 39 sales in Q2 2021.
How long did it take to sell a property in Mount Warren Park in February?
11 days is the average time on market in Mount Warren Park in December, which is the same from 11 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 Mount Warren Park?
December sees the vendor expectation error for Mount Warren Park 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.